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ACCESSWIRE (Fri, 5-Apr 7:01 AM ET)
Clough Global Opportunities Fund Section 19(a) Notice
ACCESSWIRE (Thu, 28-Mar 7:00 AM ET)
The Fund's investment objective is to provide a high level of total return. The Fund seeks to achieve this objective by applying a fundamental research-driven investment process and will invest in equity and equity-related securities as well as fixed income securities, including both corporate and sovereign debt. The Fund intends to invest primarily in a managed mix of U.S. and non-U.S. equity and debt securities. The Fund is flexibly managed so that, depending on the Fund's investment adviser's outlook, it sometimes will be more heavily invested in equity securities or in debt or fixed income securities. The Fund will also, in certain situations, augment its investment positions by purchasing call options, both on specific equity securities, as well as securities representing exposure to equity sectors or indices and fixed income indices. Investments in non-U.S. markets will be made primarily through liquid securities, including depositary receipts (which evidence ownership in underlying foreign securities) and exchange traded funds.
Clough Global Opportunities trades on the AMEX stock market under the symbol GLO.
As of April 26, 2024, GLO stock price climbed to $4.91 with 146,043 million shares trading.
GLO has a beta of 1.06, meaning it tends to be more sensitive to market movements. GLO has a correlation of 0.70 to the broad based SPY ETF.
GLO has a market cap of $210.47 million. This is considered a Small Cap stock.
In the last 3 years, GLO stock traded as high as $13.17 and as low as $4.08.
GLO has underperformed the market in the last year with a price return of +14.6% while the SPY ETF gained +27.4%. However, in the short term, GLO had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.0% vs +4.6% return in SPY. But in the last 2 weeks, GLO shares have been beat by the market, returning -1.0% compared to an SPY return of -0.5%.
GLO support price is $4.80 and resistance is $4.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GLO stock will trade within this expected range on the day.