Short Interest in Clough Global Equity Fund (NYSEAMERICAN:GLQ) Drops By 19.3%

Clough Global Equity Fund (NYSEAMERICAN:GLQ) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 39,000 shares, a decline of 19.3% from the January 31st total of 48,300 shares. Based on an average daily trading volume, of 73,800 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Clough Global Equity Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Shaker Financial Services LLC boosted its stake in shares of Clough Global Equity Fund by 7.5% in the third quarter. Shaker Financial Services LLC now owns 46,990 shares of the investment management company’s stock valued at $326,000 after purchasing an additional 3,284 shares during the period. Walleye Capital LLC purchased a new position in shares of Clough Global Equity Fund in the third quarter valued at $114,000. Benjamin Edwards Inc. purchased a new stake in shares of Clough Global Equity Fund during the third quarter worth about $70,000. SeaCrest Wealth Management LLC increased its position in shares of Clough Global Equity Fund by 4.0% during the fourth quarter. SeaCrest Wealth Management LLC now owns 63,082 shares of the investment management company’s stock worth $420,000 after acquiring an additional 2,402 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC purchased a new stake in shares of Clough Global Equity Fund during the fourth quarter worth about $87,000.

Clough Global Equity Fund Price Performance

GLQ stock traded down $0.07 during trading on Tuesday, reaching $6.53. 33,078 shares of the stock traded hands, compared to its average volume of 58,029. Clough Global Equity Fund has a 52-week low of $6.12 and a 52-week high of $7.30.

Clough Global Equity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.78 annualized dividend and a yield of 11.95%.

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.