Short Interest in Clough Global Equity Fund (NYSEAMERICAN:GLQ) Expands By 68.5%

Clough Global Equity Fund (NYSEAMERICAN:GLQ) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 65,700 shares, a growth of 68.5% from the February 13th total of 39,000 shares. Based on an average daily trading volume, of 71,400 shares, the days-to-cover ratio is currently 0.9 days.

Clough Global Equity Fund Trading Up 1.3 %

Shares of NYSEAMERICAN:GLQ traded up $0.08 during midday trading on Friday, hitting $6.32. The stock had a trading volume of 40,756 shares, compared to its average volume of 59,040. Clough Global Equity Fund has a 12 month low of $6.12 and a 12 month high of $7.30. The business has a 50-day moving average of $6.70.

Clough Global Equity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 12.34%. The ex-dividend date is Tuesday, March 18th.

Institutional Investors Weigh In On Clough Global Equity Fund

Several hedge funds have recently added to or reduced their stakes in the business. Alpine Global Management LLC acquired a new stake in Clough Global Equity Fund during the 4th quarter valued at $666,000. Saba Capital Management L.P. lifted its holdings in Clough Global Equity Fund by 16.7% during the 4th quarter. Saba Capital Management L.P. now owns 526,276 shares of the investment management company’s stock valued at $3,505,000 after purchasing an additional 75,119 shares during the last quarter. CF Capital LLC acquired a new stake in Clough Global Equity Fund during the 4th quarter valued at $733,000. Almitas Capital LLC acquired a new stake in Clough Global Equity Fund during the 4th quarter valued at $343,000. Finally, Shaker Financial Services LLC lifted its holdings in Clough Global Equity Fund by 198.0% during the 4th quarter. Shaker Financial Services LLC now owns 140,053 shares of the investment management company’s stock valued at $933,000 after purchasing an additional 93,063 shares during the last quarter.

About Clough Global Equity Fund

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.