Clough Global Equity Fund (GLQ) Short Interest Down 73.5% in October

Clough Global Equity Fund (NYSEAMERICAN:GLQ) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 13,957 shares, a decrease of 73.5% from the October 13th total of 52,702 shares. Based on an average daily trading volume, of 81,089 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Clough Global Equity Fund (NYSEAMERICAN:GLQ) opened at $13.18 on Wednesday. Clough Global Equity Fund has a twelve month low of $10.33 and a twelve month high of $14.05.

The business also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be issued a $0.1194 dividend. The ex-dividend date of this dividend is Friday, November 17th. This is a boost from Clough Global Equity Fund’s previous monthly dividend of $0.12. This represents a $1.43 dividend on an annualized basis and a dividend yield of 10.87%.

Several institutional investors and hedge funds have recently modified their holdings of GLQ. Harbour Capital Advisors LLC raised its holdings in shares of Clough Global Equity Fund by 1,161.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 150,021 shares of the investment management company’s stock worth $11,897,000 after buying an additional 138,124 shares in the last quarter. Shaker Financial Services LLC acquired a new position in shares of Clough Global Equity Fund in the 2nd quarter worth approximately $738,000. Private Advisor Group LLC raised its holdings in shares of Clough Global Equity Fund by 241.2% in the 2nd quarter. Private Advisor Group LLC now owns 58,000 shares of the investment management company’s stock worth $746,000 after buying an additional 41,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Clough Global Equity Fund by 14.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 23,174 shares of the investment management company’s stock worth $292,000 after buying an additional 2,928 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its holdings in shares of Clough Global Equity Fund by 7.5% in the 3rd quarter. Sit Investment Associates Inc. now owns 1,128,699 shares of the investment management company’s stock worth $14,967,000 after buying an additional 78,646 shares in the last quarter.

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Clough Global Equity Fund Company Profile

Clough Global Equity Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return. It will invest approximately 80% in equity and equity-related securities in the United States and non-United States markets, and the remainder in fixed income securities, including both corporate and sovereign debt, in both the United States and non-United States markets.

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