Clough Global Equity Fund (NYSEAMERICAN:GLQ) Sees Large Growth in Short Interest

Clough Global Equity Fund (NYSEAMERICAN:GLQ) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 14,477 shares, an increase of 35.5% from the January 29th total of 10,686 shares. Based on an average daily volume of 79,315 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 79,315 shares, the short-interest ratio is presently 0.2 days.

Clough Global Equity Fund Stock Performance

Shares of NYSEAMERICAN:GLQ remained flat at $8.12 on Wednesday. 17,095 shares of the stock traded hands, compared to its average volume of 72,147. Clough Global Equity Fund has a 1-year low of $5.33 and a 1-year high of $8.38. The stock has a fifty day moving average price of $8.07 and a 200 day moving average price of $7.77.

Clough Global Equity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 18th will be paid a dividend of $0.0729 per share. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date is Wednesday, March 18th.

Institutional Investors Weigh In On Clough Global Equity Fund

A number of large investors have recently bought and sold shares of GLQ. Royal Bank of Canada raised its position in Clough Global Equity Fund by 74.3% during the 1st quarter. Royal Bank of Canada now owns 293,734 shares of the investment management company’s stock worth $1,848,000 after buying an additional 125,252 shares during the last quarter. Shaker Financial Services LLC lifted its holdings in shares of Clough Global Equity Fund by 19.8% in the 2nd quarter. Shaker Financial Services LLC now owns 63,000 shares of the investment management company’s stock valued at $449,000 after buying an additional 10,420 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Clough Global Equity Fund by 4.1% in the second quarter. Raymond James Financial Inc. now owns 71,533 shares of the investment management company’s stock worth $510,000 after buying an additional 2,832 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Clough Global Equity Fund in the second quarter worth about $107,000. Finally, Osaic Holdings Inc. grew its holdings in Clough Global Equity Fund by 476.2% during the second quarter. Osaic Holdings Inc. now owns 44,027 shares of the investment management company’s stock worth $314,000 after acquiring an additional 36,386 shares during the period.

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.