Clough Global Equity Fund (NYSEAMERICAN:GLQ) Sees Large Growth in Short Interest

Clough Global Equity Fund (NYSEAMERICAN:GLQ) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 15,759 shares, an increase of 793.4% from the December 31st total of 1,764 shares. Based on an average daily volume of 77,223 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 77,223 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Clough Global Equity Fund

Several large investors have recently added to or reduced their stakes in the company. Alpine Global Management LLC purchased a new stake in shares of Clough Global Equity Fund in the third quarter worth $1,550,000. Verition Fund Management LLC boosted its holdings in Clough Global Equity Fund by 70.6% in the 3rd quarter. Verition Fund Management LLC now owns 483,270 shares of the investment management company’s stock worth $3,678,000 after buying an additional 200,045 shares during the period. TrueMark Investments LLC purchased a new stake in Clough Global Equity Fund in the 3rd quarter worth $1,460,000. Royal Bank of Canada raised its holdings in Clough Global Equity Fund by 74.3% during the first quarter. Royal Bank of Canada now owns 293,734 shares of the investment management company’s stock valued at $1,848,000 after acquiring an additional 125,252 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted its position in shares of Clough Global Equity Fund by 31.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 160,208 shares of the investment management company’s stock valued at $1,219,000 after acquiring an additional 38,583 shares in the last quarter.

Clough Global Equity Fund Stock Performance

NYSEAMERICAN:GLQ traded up $0.03 during mid-day trading on Thursday, hitting $8.17. 93,471 shares of the company traded hands, compared to its average volume of 77,193. The stock’s fifty day moving average price is $7.80 and its 200-day moving average price is $7.60. Clough Global Equity Fund has a one year low of $5.33 and a one year high of $8.20.

Clough Global Equity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be issued a $0.0729 dividend. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend is Wednesday, March 18th.

About Clough Global Equity Fund

Clough Global Equity Fund (NYSE American: GLQ) is a closed-end management investment company that seeks long-term capital appreciation through a diversified portfolio of global equity securities. The fund’s primary objective is to invest in a concentrated selection of companies across both developed and emerging markets, providing U.S. investors with access to international growth opportunities alongside domestic equities. Its shares trade on the NYSE American exchange, offering investors liquidity and the potential benefits of a closed-end structure.

The fund adopts a bottom-up, fundamental research approach to identify high-quality companies trading at attractive valuations.