Short Interest in Clough Global Equity Fund (NYSEAMERICAN:GLQ) Drops By 32.2%

Clough Global Equity Fund (NYSEAMERICAN:GLQ) saw a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 10,686 shares, a decrease of 32.2% from the January 15th total of 15,759 shares. Based on an average trading volume of 93,117 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 93,117 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Clough Global Equity Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alpine Global Management LLC purchased a new stake in shares of Clough Global Equity Fund in the third quarter worth $1,550,000. Verition Fund Management LLC increased its stake in Clough Global Equity Fund by 70.6% in the 3rd quarter. Verition Fund Management LLC now owns 483,270 shares of the investment management company’s stock worth $3,678,000 after buying an additional 200,045 shares in the last quarter. TrueMark Investments LLC bought a new stake in Clough Global Equity Fund during the third quarter valued at about $1,460,000. Bulldog Investors LLP bought a new stake in Clough Global Equity Fund during the fourth quarter valued at about $976,000. Finally, Royal Bank of Canada lifted its position in shares of Clough Global Equity Fund by 74.3% in the first quarter. Royal Bank of Canada now owns 293,734 shares of the investment management company’s stock valued at $1,848,000 after acquiring an additional 125,252 shares in the last quarter.

Clough Global Equity Fund Trading Up 0.1%

NYSEAMERICAN:GLQ traded up $0.01 on Friday, hitting $8.19. The stock had a trading volume of 42,465 shares, compared to its average volume of 83,172. The business’s 50-day simple moving average is $7.92 and its two-hundred day simple moving average is $7.69. Clough Global Equity Fund has a 52-week low of $5.33 and a 52-week high of $8.38.

Clough Global Equity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be given a dividend of $0.0729 per share. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date is Wednesday, March 18th.

Clough Global Equity Fund Company Profile

Clough Global Equity Fund (NYSE American: GLQ) is a closed-end management investment company that seeks long-term capital appreciation through a diversified portfolio of global equity securities. The fund’s primary objective is to invest in a concentrated selection of companies across both developed and emerging markets, providing U.S. investors with access to international growth opportunities alongside domestic equities. Its shares trade on the NYSE American exchange, offering investors liquidity and the potential benefits of a closed-end structure.

The fund adopts a bottom-up, fundamental research approach to identify high-quality companies trading at attractive valuations.