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

Clough Global Equity Fund (NYSEAMERICAN:GLQ) saw a significant 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 daily volume of 89,000 shares, the short-interest ratio is presently 0.2 days.

Clough Global Equity Fund Price Performance

NYSEAMERICAN:GLQ traded up $0.02 during mid-day trading on Wednesday, hitting $6.66. 162,137 shares of the stock were exchanged, compared to its average volume of 75,342. Clough Global Equity Fund has a fifty-two week low of $5.79 and a fifty-two week high of $7.30.

Clough Global Equity Fund Dividend Announcement

The company also recently announced a — dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a dividend of $0.0603 per share. This represents a dividend yield of 10.4%. The ex-dividend date was Monday, December 16th.

Institutional Investors Weigh In On Clough Global Equity Fund

A number of institutional investors have recently modified their holdings of GLQ. Walleye Capital LLC bought a new stake in shares of Clough Global Equity Fund in the third quarter valued at approximately $114,000. Benjamin Edwards Inc. acquired a new position in Clough Global Equity Fund in the 3rd quarter valued at $70,000. Shaker Financial Services LLC lifted its position in shares of Clough Global Equity Fund by 7.5% during the 3rd 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 period. Sanctuary Advisors LLC acquired a new stake in shares of Clough Global Equity Fund during the 2nd quarter worth $325,000. Finally, SeaCrest Wealth Management LLC grew its holdings in shares of Clough Global Equity Fund by 5.6% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 60,680 shares of the investment management company’s stock worth $421,000 after purchasing an additional 3,202 shares in the last quarter.

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.