Clough Global Equity Fund (NYSEAMERICAN:GLQ) Short Interest Update

Clough Global Equity Fund (NYSEAMERICAN:GLQ) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 48,900 shares, a decline of 25.6% from the February 28th total of 65,700 shares. Based on an average daily trading volume, of 65,300 shares, the days-to-cover ratio is presently 0.7 days.

Clough Global Equity Fund Trading Down 0.3 %

NYSEAMERICAN:GLQ traded down $0.02 during mid-day trading on Monday, hitting $6.29. 68,454 shares of the stock traded hands, compared to its average volume of 74,033. Clough Global Equity Fund has a 12-month low of $6.12 and a 12-month high of $7.30. The firm’s 50-day moving average is $6.66.

Clough Global Equity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a $0.065 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.78 annualized dividend and a dividend yield of 12.40%.

Institutional Investors Weigh In On Clough Global Equity Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Benjamin Edwards Inc. bought a new position in Clough Global Equity Fund in the 3rd quarter worth about $70,000. Walkner Condon Financial Advisors LLC bought a new position in shares of Clough Global Equity Fund in the fourth quarter worth approximately $87,000. Walleye Capital LLC purchased a new stake in Clough Global Equity Fund in the third quarter valued at approximately $114,000. Guggenheim Capital LLC purchased a new stake in Clough Global Equity Fund in the fourth quarter valued at approximately $284,000. Finally, Almitas Capital LLC bought a new stake in Clough Global Equity Fund during the fourth quarter valued at approximately $343,000.

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.