Clough Global Equity Fund (NYSEAMERICAN:GLQ) Share Price Breaks Below 200 Day Moving Average – Time to Sell?

Shares of Clough Global Equity Fund (NYSEAMERICAN:GLQ) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $8.14 and traded as low as $7.58. Clough Global Equity Fund shares last traded at $7.66, with a volume of 15,717 shares changing hands.

Clough Global Equity Fund Trading Down 1.2%

The stock’s fifty day moving average price is $7.95 and its two-hundred day moving average price is $8.14.

Clough Global Equity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be given a dividend of $0.0729 per share. This represents a $0.87 annualized dividend and a yield of 11.6%. The ex-dividend date is Thursday, December 17th.

Institutional Investors Weigh In On Clough Global Equity Fund

A number of large investors have recently modified their holdings of the business. Concurrent Investment Advisors LLC bought a new stake in shares of Clough Global Equity Fund during the 2nd quarter worth $158,000. Almitas Capital LLC acquired a new stake in Clough Global Equity Fund in the second quarter valued at about $2,855,000. Bank of America Corp DE bought a new position in Clough Global Equity Fund in the second quarter valued at about $2,984,000. North Ground Capital bought a new position in Clough Global Equity Fund in the second quarter valued at about $767,990. Finally, Sanctuary Advisors LLC acquired a new position in Clough Global Equity Fund during the second quarter worth about $197,000.

About Clough Global Equity Fund

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.