Short Interest in Clough Global Equity Fund (NYSEAMERICAN:GLQ) Expands By 68.5%

Clough Global Equity Fund (NYSEAMERICAN:GLQ) 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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Alpine Global Management LLC acquired a new position in Clough Global Equity Fund in the fourth quarter valued at about $666,000. Saba Capital Management L.P. raised its stake in Clough Global Equity Fund by 16.7% in the fourth 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 in the last quarter. CF Capital LLC bought a new position in Clough Global Equity Fund in the fourth quarter valued at about $733,000. Almitas Capital LLC bought a new position in Clough Global Equity Fund in the fourth quarter valued at about $343,000. Finally, Shaker Financial Services LLC grew its position in Clough Global Equity Fund by 198.0% in the fourth quarter. Shaker Financial Services LLC now owns 140,053 shares of the investment management company’s stock valued at $933,000 after acquiring an additional 93,063 shares during 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.