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

Clough Global Equity Fund (NYSEAMERICAN:GLQ) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 26,938 shares, a growth of 78.3% from the February 26th total of 15,107 shares. Based on an average daily volume of 50,540 shares, the short-interest ratio is presently 0.5 days.

Clough Global Equity Fund Stock Performance

Shares of Clough Global Equity Fund stock opened at $7.35 on Friday. Clough Global Equity Fund has a 1 year low of $5.33 and a 1 year high of $8.38. The business has a 50 day moving average price of $8.02 and a 200 day moving average price of $7.81.

Clough Global Equity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be given a dividend of $0.0729 per share. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date is Wednesday, March 18th.

Institutional Investors Weigh In On Clough Global Equity Fund

Several hedge funds have recently modified their holdings of the company. Saba Capital Management L.P. lifted its stake in shares of Clough Global Equity Fund by 87.8% during the fourth quarter. Saba Capital Management L.P. now owns 1,005,110 shares of the investment management company’s stock valued at $7,699,000 after buying an additional 469,857 shares during the period. Almitas Capital LLC grew its stake in Clough Global Equity Fund by 183.3% in the 4th quarter. Almitas Capital LLC now owns 322,982 shares of the investment management company’s stock worth $2,474,000 after acquiring an additional 208,975 shares during the period. Alpine Global Management LLC acquired a new position in Clough Global Equity Fund in the 3rd quarter valued at $1,550,000. Verition Fund Management LLC raised 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 valued at $3,678,000 after acquiring an additional 200,045 shares during the last quarter. Finally, TrueMark Investments LLC purchased a new position in shares of Clough Global Equity Fund during the 3rd quarter worth $1,460,000.

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.