Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Clough Global Opportunities Fund (NYSEAMERICAN:GLO)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.70 and traded as high as $5.71. Clough Global Opportunities Fund shares last traded at $5.68, with a volume of 147,194 shares.

Clough Global Opportunities Fund Trading Up 0.2%

The firm’s 50-day moving average price is $5.70 and its 200-day moving average price is $5.59.

Clough Global Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be given a dividend of $0.0501 per share. The ex-dividend date is Wednesday, December 17th. This represents a c) dividend on an annualized basis and a yield of 10.6%.

Hedge Funds Weigh In On Clough Global Opportunities Fund

Several large investors have recently modified their holdings of the stock. Allworth Financial LP bought a new stake in Clough Global Opportunities Fund in the second quarter worth $54,000. Bank of America Corp DE lifted its holdings in shares of Clough Global Opportunities Fund by 318.9% in the 3rd quarter. Bank of America Corp DE now owns 13,112 shares of the investment management company’s stock worth $75,000 after acquiring an additional 9,982 shares during the last quarter. Tactive Advisors LLC purchased a new position in shares of Clough Global Opportunities Fund during the 2nd quarter worth about $76,000. WJ Financial Advisors LLC purchased a new position in shares of Clough Global Opportunities Fund during the 3rd quarter worth about $134,000. Finally, Wolverine Asset Management LLC bought a new position in Clough Global Opportunities Fund during the 3rd quarter valued at about $145,000.

Clough Global Opportunities Fund Company Profile

Clough Global Opportunities Fund (NYSE American: GLO) is a closed-end management investment company that seeks to deliver attractive risk-adjusted returns through a focus on income generation and capital appreciation. Trading on the NYSE American exchange, the fund invests primarily in the equity securities of global companies operating across energy, utilities, transportation, chemicals and other infrastructure-related industries. By concentrating on sectors critical to the world’s economic growth, the fund aims to provide investors with diversified exposure to both developed and emerging markets.

The fund’s investment strategy is driven by bottom-up research and fundamental analysis.