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

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

Hedge Funds Weigh In On Clough Global Equity Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sit Investment Associates Inc. boosted its position in shares of Clough Global Equity Fund by 9.8% in the 4th quarter. Sit Investment Associates Inc. now owns 1,828,749 shares of the investment management company’s stock valued at $12,179,000 after purchasing an additional 163,687 shares during the period. Saba Capital Management L.P. boosted its position in shares of Clough Global Equity Fund by 16.7% in the 4th quarter. Saba Capital Management L.P. now owns 526,276 shares of the investment management company’s stock valued at $3,505,000 after purchasing an additional 75,119 shares during the period. 1607 Capital Partners LLC boosted its position in shares of Clough Global Equity Fund by 201.0% in the 4th quarter. 1607 Capital Partners LLC now owns 466,061 shares of the investment management company’s stock valued at $3,104,000 after purchasing an additional 311,228 shares during the period. Wolverine Asset Management LLC lifted its stake in 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 worth $1,033,000 after acquiring an additional 95,602 shares in the last quarter. Finally, Shaker Financial Services LLC lifted its stake in Clough Global Equity Fund by 198.0% in the 4th quarter. Shaker Financial Services LLC now owns 140,053 shares of the investment management company’s stock worth $933,000 after acquiring an additional 93,063 shares in the last quarter.

Clough Global Equity Fund Stock Performance

Shares of NYSEAMERICAN:GLQ traded up $0.08 on Friday, hitting $6.32. The company’s stock had a trading volume of 40,756 shares, 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 company’s 50-day moving average price is $6.70.

Clough Global Equity Fund Announces Dividend

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

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.