Short Interest in Clough Global Equity Fund (NYSEAMERICAN:GLQ) Increases By 48.0%

Clough Global Equity Fund (NYSEAMERICAN:GLQ) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 58,600 shares, a growth of 48.0% from the May 31st total of 39,600 shares. Based on an average daily trading volume, of 66,500 shares, the short-interest ratio is currently 0.9 days.

Insider Activity

In related news, insider Charles Clough, Jr. acquired 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average cost of $6.36 per share, with a total value of $318,000.00. Following the transaction, the insider now owns 440,291 shares of the company’s stock, valued at approximately $2,800,250.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Bell Private Wealth Management LLC lifted its stake in Clough Global Equity Fund by 321.1% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 8,000 shares of the investment management company’s stock valued at $52,000 after purchasing an additional 6,100 shares during the last quarter. Raymond James & Associates bought a new position in Clough Global Equity Fund in the 4th quarter valued at approximately $62,000. 180 Wealth Advisors LLC bought a new position in Clough Global Equity Fund in the 1st quarter valued at approximately $90,000. B. Riley Wealth Advisors Inc. bought a new position in Clough Global Equity Fund in the 1st quarter valued at approximately $137,000. Finally, SeaCrest Wealth Management LLC lifted its stake in Clough Global Equity Fund by 10.9% in the 1st quarter. SeaCrest Wealth Management LLC now owns 63,315 shares of the investment management company’s stock valued at $412,000 after purchasing an additional 6,224 shares during the last quarter.

Clough Global Equity Fund Trading Down 0.9 %

GLQ traded down $0.06 on Monday, reaching $6.92. The company had a trading volume of 156,385 shares, compared to its average volume of 64,290. Clough Global Equity Fund has a fifty-two week low of $5.13 and a fifty-two week high of $7.01.

Clough Global Equity Fund Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 19th were paid a $0.0603 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This represents a yield of 11.38%.

Clough Global Equity Fund Company Profile

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.