Clough Global Equity Fund (NYSEAMERICAN:GLQ) Shares Shorted: Short Interest Up 80.2% in September

Clough Global Equity Fund (NYSEAMERICAN:GLQ) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 95,090 shares, an increase of 80.2% from the August 31st total of 52,767 shares. Based on an average daily volume of 48,256 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new stake in shares of Clough Global Equity Fund in the 2nd quarter valued at $2,984,000. Royal Bank of Canada boosted its holdings in Clough Global Equity Fund by 4.0% during the 1st quarter. Royal Bank of Canada now owns 334,881 shares of the investment management company’s stock valued at $2,522,000 after acquiring an additional 12,806 shares during the period. Almitas Capital LLC acquired a new position in Clough Global Equity Fund in the 2nd quarter valued at about $2,855,000. TrueMark Investments LLC grew its position in Clough Global Equity Fund by 3.2% in the 1st quarter. TrueMark Investments LLC now owns 202,986 shares of the investment management company’s stock valued at $1,528,000 after acquiring an additional 6,233 shares in the last quarter. Finally, Bulldog Investors LLP increased its stake in Clough Global Equity Fund by 34.9% during the first quarter. Bulldog Investors LLP now owns 171,906 shares of the investment management company’s stock worth $1,294,000 after purchasing an additional 44,450 shares during the period.

Clough Global Equity Fund Stock Up 0.3%

Shares of NYSEAMERICAN:GLQ traded up $0.02 during midday trading on Thursday, reaching $7.49. 20,392 shares of the company’s stock were exchanged, compared to its average volume of 67,518. Clough Global Equity Fund has a fifty-two week low of $7.27 and a fifty-two week high of $8.75. The firm’s 50 day simple moving average is $8.02 and its two-hundred day simple moving average is $8.15.

Clough Global Equity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 17th were issued a $0.0729 dividend. This represents a $0.87 annualized dividend and a dividend yield of 11.7%. The ex-dividend date was Thursday, September 17th.

About Clough Global Equity Fund

Clough Global Equity Fund is a closed-end investment company listed on the NYSE American under the symbol GLQ. The fund seeks to provide investors with a high level of total return through a combination of current income and capital appreciation.

The fund invests primarily in equity securities issued by companies around the world. Its portfolio may include investments across developed and emerging markets and may also hold fixed-income securities, cash, and other investments as determined by its investment strategy.