Short Interest in Clough Global Equity Fund (NYSEAMERICAN:GLQ) Drops By 25.6%

Clough Global Equity Fund (NYSEAMERICAN:GLQ) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 48,900 shares, a decline of 25.6% from the February 28th total of 65,700 shares. Based on an average trading volume of 65,300 shares, the days-to-cover ratio is currently 0.7 days.

Clough Global Equity Fund Stock Performance

NYSEAMERICAN:GLQ opened at $6.31 on Friday. Clough Global Equity Fund has a 52 week low of $6.12 and a 52 week high of $7.30. The company has a fifty day moving average price of $6.67.

Clough Global Equity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 12.36%. The ex-dividend date is Tuesday, March 18th.

Institutional Investors Weigh In On Clough Global Equity Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Almitas Capital LLC acquired a new position in Clough Global Equity Fund in the fourth quarter valued at approximately $343,000. Guggenheim Capital LLC acquired a new stake in shares of Clough Global Equity Fund during the 4th quarter worth approximately $284,000. Alpine Global Management LLC bought a new stake in shares of Clough Global Equity Fund in the 4th quarter valued at $666,000. Shaker Financial Services LLC boosted its stake in Clough Global Equity Fund by 198.0% during the fourth 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. Finally, 1607 Capital Partners LLC grew its holdings in Clough Global Equity Fund by 201.0% in the fourth quarter. 1607 Capital Partners LLC now owns 466,061 shares of the investment management company’s stock worth $3,104,000 after purchasing an additional 311,228 shares during the period.

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.