Clough Global Equity Fund (NYSEAMERICAN:GLQ) Short Interest Down 8.3% in December

Clough Global Equity Fund (NYSEAMERICAN:GLQ) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 16,500 shares, a drop of 8.3% from the November 30th total of 18,000 shares. Based on an average trading volume of 89,000 shares, the days-to-cover ratio is currently 0.2 days.

Clough Global Equity Fund Price Performance

Clough Global Equity Fund stock traded up $0.02 on Wednesday, reaching $6.66. The company’s stock had a trading volume of 162,137 shares, compared to its average volume of 75,342. Clough Global Equity Fund has a twelve month low of $5.79 and a twelve month high of $7.30.

Clough Global Equity Fund Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.0603 dividend. This represents a dividend yield of 10.4%. The ex-dividend date was Monday, December 16th.

Hedge Funds Weigh In On Clough Global Equity Fund

Several institutional investors and hedge funds have recently modified their holdings of GLQ. Blue Bell Private Wealth Management LLC grew its stake in shares of Clough Global Equity Fund by 71.2% during the second quarter. Blue Bell Private Wealth Management LLC now owns 13,696 shares of the investment management company’s stock worth $96,000 after buying an additional 5,696 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Clough Global Equity Fund during the 2nd quarter worth approximately $325,000. SeaCrest Wealth Management LLC increased its position in Clough Global Equity Fund by 5.6% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 60,680 shares of the investment management company’s stock valued at $421,000 after acquiring an additional 3,202 shares during the period. Shaker Financial Services LLC raised its stake in shares of Clough Global Equity Fund by 7.5% during the third quarter. Shaker Financial Services LLC now owns 46,990 shares of the investment management company’s stock valued at $326,000 after acquiring an additional 3,284 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Clough Global Equity Fund during the third quarter worth $114,000.

About Clough Global Equity Fund

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.