Clough Global Equity Fund (NYSEAMERICAN:GLQ) Short Interest Down 29.7% in March

Clough Global Equity Fund (NYSEAMERICAN:GLQ) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 34,400 shares, a drop of 29.7% from the March 15th total of 48,900 shares. Based on an average daily volume of 59,800 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Clough Global Equity Fund

Several large investors have recently made changes to their positions in GLQ. CF Capital LLC bought a new stake in shares of Clough Global Equity Fund in the fourth quarter valued at about $733,000. Invesco Ltd. raised its position in Clough Global Equity Fund by 50.8% in the 4th quarter. Invesco Ltd. now owns 98,681 shares of the investment management company’s stock valued at $657,000 after buying an additional 33,243 shares during the last quarter. Almitas Capital LLC acquired a new position in Clough Global Equity Fund during the 4th quarter worth approximately $343,000. Guggenheim Capital LLC bought a new position in shares of Clough Global Equity Fund during the 4th quarter worth approximately $284,000. Finally, Alpine Global Management LLC bought a new stake in shares of Clough Global Equity Fund in the fourth quarter worth $666,000.

Clough Global Equity Fund Stock Performance

Clough Global Equity Fund stock traded up $0.04 during mid-day trading on Friday, hitting $5.95. 117,293 shares of the company’s stock were exchanged, compared to its average volume of 73,610. The company’s 50 day simple moving average is $6.39 and its 200-day simple moving average is $6.56. Clough Global Equity Fund has a fifty-two week low of $5.33 and a fifty-two week high of $7.30.

Clough Global Equity Fund Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be issued a dividend of $0.065 per share. This is an increase from Clough Global Equity Fund’s previous dividend of $0.06. This represents a yield of 12.94%. The ex-dividend date is Thursday, April 17th.

Clough Global Equity Fund Company Profile

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.