Clough Global Opportunities Fund (NYSEAMERICAN:GLO) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 82,529 shares, a decline of 50.0% from the October 13th total of 164,969 shares. Based on an average trading volume of 172,983 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are short sold.
Several institutional investors have recently modified their holdings of GLO. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Clough Global Opportunities Fund by 9.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 21,869 shares of the investment management company’s stock valued at $232,000 after purchasing an additional 1,910 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Clough Global Opportunities Fund by 407.5% in the second quarter. IFP Advisors Inc now owns 11,306 shares of the investment management company’s stock valued at $120,000 after purchasing an additional 9,078 shares in the last quarter. Wedbush Securities Inc. bought a new stake in shares of Clough Global Opportunities Fund in the second quarter valued at about $107,000. Shaker Financial Services LLC bought a new stake in shares of Clough Global Opportunities Fund in the second quarter valued at about $1,506,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Clough Global Opportunities Fund by 17.1% in the second quarter. Oppenheimer & Co. Inc. now owns 59,286 shares of the investment management company’s stock valued at $628,000 after purchasing an additional 8,650 shares in the last quarter.
Clough Global Opportunities Fund (GLO) opened at $10.81 on Wednesday. Clough Global Opportunities Fund has a twelve month low of $8.65 and a twelve month high of $11.67.
The firm also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.0997 per share. The ex-dividend date of this dividend is Friday, November 17th. This is a positive change from Clough Global Opportunities Fund’s previous monthly dividend of $0.10. This represents a $1.20 annualized dividend and a yield of 11.07%.
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About Clough Global Opportunities Fund
Clough Global Opportunities Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return. It seeks to achieve its objective by applying a fundamental research-driven investment process. It will invest in equity and equity-related securities, as well as fixed income securities, including both corporate and sovereign debt.
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