Clough Global Equity Fund (NYSEAMERICAN:GLQ – Get Free Report) saw a significant growth in short interest in 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 days-to-cover ratio is currently 0.9 days.
Clough Global Equity Fund Stock Up 1.3 %
GLQ stock traded up $0.08 during midday trading on Friday, reaching $6.32. The company had a trading volume of 40,756 shares, compared to its average volume of 59,040. The company’s 50 day simple moving average is $6.70. Clough Global Equity Fund has a 1-year low of $6.12 and a 1-year high of $7.30.
Clough Global Equity Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 12.34%. The ex-dividend date is Tuesday, March 18th.
Institutional Inflows and Outflows
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.
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