Clough Global Equity Fund (NYSEAMERICAN:GLQ) Shares Shorted: Short Interest Up 80.2% in September

Clough Global Equity Fund (NYSEAMERICAN:GLQ) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 95,090 shares, an increase of 80.2% from the August 31st total of 52,767 shares. Based on an average daily volume of 48,256 shares, the days-to-cover ratio is presently 2.0 days.

Hedge Funds Weigh In On Clough Global Equity Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE purchased a new position in Clough Global Equity Fund in the second quarter valued at about $2,984,000. Royal Bank of Canada boosted its position in shares of Clough Global Equity Fund by 4.0% in the first quarter. Royal Bank of Canada now owns 334,881 shares of the investment management company’s stock worth $2,522,000 after buying an additional 12,806 shares during the period. Almitas Capital LLC acquired a new stake in shares of Clough Global Equity Fund in the second quarter valued at about $2,855,000. TrueMark Investments LLC grew its stake in shares of Clough Global Equity Fund by 3.2% in the first quarter. TrueMark Investments LLC now owns 202,986 shares of the investment management company’s stock valued at $1,528,000 after buying an additional 6,233 shares in the last quarter. Finally, Bulldog Investors LLP grew its stake in shares of Clough Global Equity Fund by 34.9% in the first quarter. Bulldog Investors LLP now owns 171,906 shares of the investment management company’s stock valued at $1,294,000 after buying an additional 44,450 shares in the last quarter.

Clough Global Equity Fund Stock Down 0.9%

GLQ traded down $0.07 on Wednesday, reaching $7.47. 62,254 shares of the company’s stock were exchanged, compared to its average volume of 67,801. Clough Global Equity Fund has a twelve month low of $7.27 and a twelve month high of $8.75. The company’s 50 day moving average is $8.02 and its 200-day moving average is $8.15.

Clough Global Equity Fund Dividend Announcement

The firm 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 $0.0729 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.87 annualized dividend and a dividend yield of 11.7%.

Clough Global Equity Fund Company Profile

Clough Global Equity Fund is a closed-end investment company listed on the NYSE American under the symbol GLQ. The fund seeks to provide investors with a high level of total return through a combination of current income and capital appreciation.

The fund invests primarily in equity securities issued by companies around the world. Its portfolio may include investments across developed and emerging markets and may also hold fixed-income securities, cash, and other investments as determined by its investment strategy.