Clough Global Equity Fund (NYSEAMERICAN:GLQ) Stock Short Interest Climbs 80.2%

by · The Markets Daily

Clough Global Equity Fund (NYSEAMERICAN:GLQ – Get Free Report) was the target of a significant 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 trading volume, of 48,256 shares, the short-interest ratio is presently 2.0 days.

Clough Global Equity Fund Stock Up 0.5%

NYSEAMERICAN:GLQ traded up $0.04 during trading hours on Tuesday, hitting $7.54. 56,948 shares of the company’s stock traded hands, compared to its average volume of 67,831. The stock’s fifty day moving average price is $8.05 and its two-hundred day moving average price is $8.15. Clough Global Equity Fund has a twelve month low of $7.27 and a twelve month high of $8.75.

Clough Global Equity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.0729 per share. This represents a $0.87 annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend is Thursday, September 17th.

Institutional Trading of Clough Global Equity Fund

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in Clough Global Equity Fund by 1.0% in the 1st quarter. Bank of America Corp DE now owns 317,422 shares of the investment management company’s stock worth $2,390,000 after acquiring an additional 3,163 shares during the period. TrueMark Investments LLC boosted its holdings in Clough Global Equity Fund by 3.2% during the first quarter. TrueMark Investments LLC now owns 202,986 shares of the investment management company’s stock valued at $1,528,000 after acquiring an additional 6,233 shares during the period. PNC Financial Services Group Inc. bought a new stake in Clough Global Equity Fund during the first quarter valued at about $56,000. Royal Bank of Canada grew 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 valued at $2,522,000 after purchasing an additional 12,806 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Clough Global Equity Fund in the second quarter valued at about $158,000.

Clough Global Equity Fund Company Profile

(Get Free Report)

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.

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