Clough Global Opportunities Fund (NYSEAMERICAN:GLO) was the recipient of a significant increase in short interest during the month of May. As of May 14th, there was short interest totalling 257,500 shares, an increase of 195.3% from the April 29th total of 87,200 shares. Based on an average daily volume of 186,300 shares, the days-to-cover ratio is currently 1.4 days.
A number of institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its position in Clough Global Opportunities Fund by 5.2% in the first quarter. Advisors Asset Management Inc. now owns 797,109 shares of the investment management company’s stock worth $9,765,000 after acquiring an additional 39,724 shares during the period. Morgan Stanley grew its position in Clough Global Opportunities Fund by 9.4% in the first quarter. Morgan Stanley now owns 544,145 shares of the investment management company’s stock worth $6,666,000 after acquiring an additional 46,890 shares during the period. Wells Fargo & Company MN grew its position in Clough Global Opportunities Fund by 141.1% in the fourth quarter. Wells Fargo & Company MN now owns 389,624 shares of the investment management company’s stock worth $4,328,000 after acquiring an additional 228,051 shares during the period. Rockefeller Capital Management L.P. grew its position in Clough Global Opportunities Fund by 6.5% in the first quarter. Rockefeller Capital Management L.P. now owns 279,199 shares of the investment management company’s stock worth $3,420,000 after acquiring an additional 16,988 shares during the period. Finally, Guggenheim Capital LLC grew its position in Clough Global Opportunities Fund by 21.1% in the first quarter. Guggenheim Capital LLC now owns 241,109 shares of the investment management company’s stock worth $2,954,000 after acquiring an additional 42,069 shares during the period.
Shares of NYSEAMERICAN:GLO traded down $0.01 during midday trading on Friday, hitting $12.01. The company had a trading volume of 156,963 shares, compared to its average volume of 193,214. Clough Global Opportunities Fund has a twelve month low of $8.06 and a twelve month high of $13.11.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, June 30th. Investors of record on Monday, June 21st will be given a $0.1087 dividend. The ex-dividend date is Friday, June 18th. This represents a $1.30 annualized dividend and a yield of 10.86%.
About Clough Global Opportunities Fund
Clough Global Opportunities Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. It invests in public equity and fixed income markets across the globe. The fund invests in securities of companies operating across diversified sectors. For its fixed income portion, the fund invests in both investment grade and non-investment grade issues.
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