Clough Global Equity Fund (NYSEAMERICAN:GLQ) Short Interest Update

Clough Global Equity Fund (NYSEAMERICAN:GLQ) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 39,000 shares, a drop of 19.3% from the January 31st total of 48,300 shares. Based on an average trading volume of 73,800 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. 1607 Capital Partners LLC boosted its position in shares of Clough Global Equity Fund by 201.0% during the 4th quarter. 1607 Capital Partners LLC now owns 466,061 shares of the investment management company’s stock valued at $3,104,000 after purchasing an additional 311,228 shares in the last quarter. Sit Investment Associates Inc. boosted its holdings in Clough Global Equity Fund by 9.8% during the fourth quarter. Sit Investment Associates Inc. now owns 1,828,749 shares of the investment management company’s stock worth $12,179,000 after buying an additional 163,687 shares in the last quarter. CF Capital LLC bought a new stake in Clough Global Equity Fund during the fourth quarter worth approximately $733,000. Alpine Global Management LLC acquired a new position in Clough Global Equity Fund in the fourth quarter worth approximately $666,000. Finally, Wolverine Asset Management LLC increased its holdings in shares of Clough Global Equity Fund by 160.5% in the fourth quarter. Wolverine Asset Management LLC now owns 155,175 shares of the investment management company’s stock valued at $1,033,000 after buying an additional 95,602 shares in the last quarter.

Clough Global Equity Fund Price Performance

GLQ traded up $0.03 during trading on Wednesday, reaching $6.54. The stock had a trading volume of 128,888 shares, compared to its average volume of 60,021. The stock has a 50 day simple moving average of $6.73. Clough Global Equity Fund has a 1-year low of $6.12 and a 1-year high of $7.30.

Clough Global Equity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a $0.065 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.78 annualized dividend and a dividend yield of 11.93%.

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.