Short Interest in Clough Global Equity Fund (NYSEAMERICAN:GLQ) Drops By 35.3%

Clough Global Equity Fund (NYSEAMERICAN:GLQ) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 70,821 shares, a drop of 35.3% from the July 15th total of 109,414 shares. Based on an average trading volume of 51,213 shares, the days-to-cover ratio is presently 1.4 days.

Clough Global Equity Fund Price Performance

Shares of GLQ traded down $0.03 during mid-day trading on Wednesday, hitting $8.23. 28,655 shares of the company’s stock were exchanged, compared to its average volume of 71,626. The company has a 50-day simple moving average of $8.39 and a 200 day simple moving average of $8.20. Clough Global Equity Fund has a 52 week low of $7.14 and a 52 week high of $8.75.

Clough Global Equity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 17th will be given a dividend of $0.0729 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend is Thursday, September 17th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new stake in shares of Clough Global Equity Fund during the first quarter valued at approximately $56,000. XTX Topco Ltd acquired a new stake in Clough Global Equity Fund in the 4th quarter valued at $101,000. B. Riley Wealth Advisors Inc. acquired a new stake in Clough Global Equity Fund in the 2nd quarter valued at $107,000. Wolverine Asset Management LLC increased its stake in Clough Global Equity Fund by 68.8% during the 4th quarter. Wolverine Asset Management LLC now owns 17,249 shares of the investment management company’s stock valued at $132,000 after purchasing an additional 7,030 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Clough Global Equity Fund during the second quarter worth $197,000.

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.