GLO - Shares of Clough Global Opportunities Fund (GLO) Rise to a New 52-Week High
Shares of Clough Global Opportunities Fund (NYSE American:GLO) traded today at $13.17, eclipsing its 52-week high. So far today approximately 118,000 shares have been exchanged, as compared to an average 30-day volume of 248,000 shares.
The Fund intends to invest primarily in a managed mix of US and non-US equity and debt securities. Under normal circumstances, the Fund expects to invest in securities of at least three countries. The Fund is flexibly managed, so that it sometimes will be more heavily invested in equity securities or in debt or fixed income securities. The Fund will also purchase call options, both on specific equity securities as well as securities representing exposure to equity sectors or indices and fixed income indices. The Fund may not invest more than 25% of its total assets, at the time of acquisition, in securities of governments and companies in emerging markets. The Fund may also invest a portion of its assets in real estate investment trusts.
Clough Global Opportunities Fund (NYSE American:GLO) has potential upside of 15.6% based on a current price of $13.14 and analysts' consensus price target of $15.19.
Over the past year, Clough Global Opportunities Fund has traded in a range of $8.74 to $13.17 and is now at $13.14, 50% above that low.
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