Clough Global Equity Fund (NYSEAMERICAN:GLQ) Short Interest Up 78.3% in March

Clough Global Equity Fund (NYSEAMERICAN:GLQ) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 26,938 shares, an increase of 78.3% from the February 26th total of 15,107 shares. Based on an average daily volume of 50,540 shares, the days-to-cover ratio is currently 0.5 days.

Clough Global Equity Fund Stock Down 1.4%

Shares of NYSEAMERICAN:GLQ opened at $7.59 on Friday. Clough Global Equity Fund has a one year low of $5.33 and a one year high of $8.38. The company has a 50-day simple moving average of $8.03 and a 200-day simple moving average of $7.81.

Clough Global Equity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be given a $0.0729 dividend. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date is Wednesday, March 18th.

Institutional Trading of Clough Global Equity Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Saba Capital Management L.P. increased its stake in Clough Global Equity Fund by 87.8% in the 4th quarter. Saba Capital Management L.P. now owns 1,005,110 shares of the investment management company’s stock valued at $7,699,000 after buying an additional 469,857 shares during the period. Almitas Capital LLC lifted its stake in shares of Clough Global Equity Fund by 183.3% in the 4th quarter. Almitas Capital LLC now owns 322,982 shares of the investment management company’s stock worth $2,474,000 after acquiring an additional 208,975 shares during the period. Alpine Global Management LLC acquired a new stake in shares of Clough Global Equity Fund in the 3rd quarter worth $1,550,000. Verition Fund Management LLC boosted its holdings in shares of Clough Global Equity Fund by 70.6% in the third quarter. Verition Fund Management LLC now owns 483,270 shares of the investment management company’s stock valued at $3,678,000 after acquiring an additional 200,045 shares in the last quarter. Finally, TrueMark Investments LLC purchased a new stake in shares of Clough Global Equity Fund in the third quarter valued at about $1,460,000.

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.