Clough Global Equity Fund (NYSEAMERICAN:GLQ) Short Interest Down 32.8% in March

Clough Global Equity Fund (NYSEAMERICAN:GLQ) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 18,109 shares, a drop of 32.8% from the March 15th total of 26,938 shares. Based on an average daily volume of 45,415 shares, the days-to-cover ratio is presently 0.4 days.

Clough Global Equity Fund Price Performance

GLQ stock traded up $0.09 during midday trading on Tuesday, hitting $8.10. The stock had a trading volume of 40,486 shares, compared to its average volume of 65,615. The business has a 50-day moving average of $7.93 and a two-hundred day moving average of $7.82. Clough Global Equity Fund has a 52-week low of $5.71 and a 52-week high of $8.38.

Clough Global Equity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 17th will be given a $0.0729 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%.

Institutional Investors Weigh In On Clough Global Equity Fund

Several hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC bought a new position in shares of Clough Global Equity Fund during the third quarter valued at approximately $78,000. XTX Topco Ltd purchased a new stake in shares of Clough Global Equity Fund in the 4th quarter worth approximately $101,000. B. Riley Wealth Advisors Inc. bought a new position in Clough Global Equity Fund during the 2nd quarter valued at approximately $107,000. Citadel Advisors LLC raised its stake 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 valued at $231,000 after buying an additional 10,734 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its holdings in Clough Global Equity Fund by 24.6% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 36,023 shares of the investment management company’s stock worth $276,000 after acquiring an additional 7,116 shares in the last quarter.

Clough Global Equity Fund Company Profile

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.