Is Buying Clough Global Opportunities Fund (NYSEMKT:GLO) Here Good Idea?

June 9, 2017 - By Dolores Ford

 Is Buying Clough Global Opportunities Fund (NYSEMKT:GLO) Here Good Idea?

The stock of Clough Global Opportunities Fund (NYSEMKT:GLO) registered an increase of 5.25% in short interest. GLO’s total short interest was 152,400 shares in June as published by FINRA. Its up 5.25% from 144,800 shares, reported previously. With 187,000 shares average volume, it will take short sellers 1 days to cover their GLO’s short positions.

About 47,048 shares traded. Clough Global Opportunities Fund (NYSEMKT:GLO) has risen 13.34% since June 9, 2016 and is uptrending. It has underperformed by 3.36% the S&P500.

Clough Global Opportunities Fund is a diversified, closed-end management investment company. The company has market cap of $550.04 million. The Fund’s investment objective is to provide a high level of total return. It currently has negative earnings. It seeks to achieve its objective by applying a fundamental research-driven investment process.

More notable recent Clough Global Opportunities Fund (NYSEMKT:GLO) news were published by: Businesswire.com which released: “Clough Global Closed-End Funds Approve Participation Agreement Permitting …” on May 11, 2015, also Gurufocus.com with their article: “Saba Capital Management, LP Buys Clough Global Opportunities Fund, General …” published on June 07, 2017, Seekingalpha.com published: “Clough Global Allocation Fund: A Good Or Bad Investment” on August 24, 2016. More interesting news about Clough Global Opportunities Fund (NYSEMKT:GLO) were released by: Nasdaq.com and their article: “Clough Global Opportunities Fund (GLO) Ex-Dividend Date Scheduled for July 14 …” published on July 13, 2016 as well as Seekingalpha.com‘s news article titled: “Clough Global Opportunities Fund: A Good Or Bad Investment?” with publication date: July 23, 2016.

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