GLV Stock Summary and Trading Ideas (Clough Global Dividend & Income | AMEX:GLV)

The Fund's investment objective is to provide a high level of total return. The Fund seeks to pursue 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, in both U.S. and non-U.S. markets. The Fund intends to invest in a managed mix of 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. Investments in non-U.S. markets will be made primarily through liquid securities, including depositary receipts (which evidence ownership in underlying foreign securities). Investments in corporate debt may include both investment grade and non-investment grade issues. Non-investment grade debt issues are commonly referred to as "high yield" or "junk bonds" and are considered speculative with respect to the issuer's capacity to pay interest and repay principal. The Fund will not invest more than 20% of its total assets in securities rated, at the time of acquisition, below investment grade. Investments in sovereign debt may also include bonds issued by countries considered emerging markets. The Fund will not invest more than 20% of its total assets, at the time of acquisition, in securities of governments and companies in emerging markets.

Clough Global Dividend & Income trades on the AMEX stock market under the symbol GLV.

As of April 18, 2024, GLV stock price declined to $5.37 with 37,508 million shares trading.

GLV has a beta of 0.79, meaning it tends to be less sensitive to market movements. GLV has a correlation of 0.51 to the broad based SPY ETF.

GLV has a market cap of $67.16 million. This is considered a Micro Cap stock.

In the last 3 years, GLV stock traded as high as $12.15 and as low as $4.70.

GLV stock has underperformed the market in the last year with a return of +3.0%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GLV shares. However, GLV has outperformed the market in the last 3 month and 2 week periods, returning +8.2% and -3.8%, while SPY returned +6.1% and -3.8%, respectively. This indicates GLV has been having a stronger performance recently.

GLV support price is $5.38 and resistance is $5.48 (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 GLV stock will trade within this expected range on the day.