Clough Global Equity Fund (NYSEAMERICAN:GLQ) Sees Significant Increase in Short Interest

Clough Global Equity Fund (NYSEAMERICAN:GLQ) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 65,700 shares, an increase of 68.5% from the February 13th total of 39,000 shares. Based on an average trading volume of 71,400 shares, the short-interest ratio is currently 0.9 days.

Clough Global Equity Fund Price Performance

Shares of GLQ traded up $0.08 during midday trading on Friday, reaching $6.32. 40,756 shares of the stock were exchanged, compared to its average volume of 59,040. Clough Global Equity Fund has a 12-month low of $6.12 and a 12-month high of $7.30. The business has a 50 day simple moving average of $6.70.

Clough Global Equity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 12.34%. The ex-dividend date is Tuesday, March 18th.

Institutional Investors Weigh In On Clough Global Equity Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Walleye Capital LLC bought a new position in shares of Clough Global Equity Fund in the 3rd quarter valued at approximately $114,000. Benjamin Edwards Inc. bought a new position in shares of Clough Global Equity Fund in the 3rd quarter valued at approximately $70,000. SeaCrest Wealth Management LLC raised its stake in shares of Clough Global Equity Fund by 4.0% in the 4th quarter. SeaCrest Wealth Management LLC now owns 63,082 shares of the investment management company’s stock valued at $420,000 after acquiring an additional 2,402 shares in the last quarter. Walkner Condon Financial Advisors LLC bought a new position in shares of Clough Global Equity Fund in the 4th quarter valued at approximately $87,000. Finally, Wolverine Asset Management LLC raised its stake in shares of Clough Global Equity Fund by 160.5% in the 4th quarter. Wolverine Asset Management LLC now owns 155,175 shares of the investment management company’s stock valued at $1,033,000 after acquiring an additional 95,602 shares in the last quarter.

Clough Global Equity Fund Company Profile

Clough Global Equity Fund is a closed ended equity mutual fund launched and managed by Clough Capital Partners, L.P. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental and quantitative analysis with a bottom up stock picking approach to create its portfolio, with focus on factors such as a company's competitive position, quality of company management, quality and visibility of earnings and cash flow, balance sheet strength, and relative valuation.