Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Sees Large Increase in Short Interest

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 38,605 shares, a growth of 124.2% from the May 31st total of 17,220 shares. Based on an average daily volume of 111,710 shares, the days-to-cover ratio is currently 0.3 days.

Clough Global Opportunities Fund Stock Performance

Shares of Clough Global Opportunities Fund stock opened at $6.07 on Tuesday. The stock’s 50 day simple moving average is $5.92 and its 200-day simple moving average is $5.84. Clough Global Opportunities Fund has a 1-year low of $5.33 and a 1-year high of $6.10.

Clough Global Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th will be given a dividend of $0.0537 per share. The ex-dividend date is Wednesday, June 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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC raised its holdings in shares of Clough Global Opportunities Fund by 3.2% during the 1st quarter. Private Advisor Group LLC now owns 735,486 shares of the investment management company’s stock worth $4,097,000 after acquiring an additional 22,963 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Clough Global Opportunities Fund by 448.6% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 110,204 shares of the investment management company’s stock valued at $614,000 after acquiring an additional 90,115 shares during the last quarter. NWF Advisory Services Inc. acquired a new position in shares of Clough Global Opportunities Fund during the 4th quarter valued at about $85,000. Alpine Global Management LLC grew its holdings in shares of Clough Global Opportunities Fund by 9.9% in the fourth quarter. Alpine Global Management LLC now owns 553,258 shares of the investment management company’s stock valued at $3,131,000 after purchasing an additional 49,830 shares during the period. Finally, Blue Bell Private Wealth Management LLC grew its holdings in shares of Clough Global Opportunities Fund by 9.8% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 243,651 shares of the investment management company’s stock valued at $1,379,000 after purchasing an additional 21,840 shares during the period.

About Clough Global Opportunities Fund

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.