Clough Global Equity Fund (NYSEAMERICAN:GLQ) Sees Large Growth in Short Interest

Clough Global Equity Fund (NYSEAMERICAN:GLQ) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 34,942 shares, an increase of 93.0% from the March 31st total of 18,109 shares. Based on an average daily trading volume, of 67,978 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Clough Global Equity Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new stake in Clough Global Equity Fund during the third quarter worth approximately $78,000. XTX Topco Ltd bought a new stake in Clough Global Equity Fund during the fourth quarter worth approximately $101,000. B. Riley Wealth Advisors Inc. bought a new stake in Clough Global Equity Fund during the second quarter worth approximately $107,000. Citadel Advisors LLC raised its holdings in Clough Global Equity Fund by 54.5% during the third quarter. Citadel Advisors LLC now owns 30,420 shares of the investment management company’s stock worth $231,000 after purchasing an additional 10,734 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC raised its holdings in Clough Global Equity Fund by 24.6% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 36,023 shares of the investment management company’s stock worth $276,000 after purchasing an additional 7,116 shares in the last quarter.

Clough Global Equity Fund Stock Performance

Shares of NYSEAMERICAN GLQ traded up $0.03 during midday trading on Friday, hitting $8.08. 41,420 shares of the company’s stock were exchanged, compared to its average volume of 64,531. The stock’s 50 day moving average price is $7.90 and its 200-day moving average price is $7.85. Clough Global Equity Fund has a twelve month low of $6.14 and a twelve month high of $8.38.

Clough Global Equity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th will be issued a dividend of $0.0729 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a c) annualized dividend and a yield of 10.8%.

About Clough Global Equity Fund

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.