Clough Global Equity Fund (NYSEAMERICAN:GLQ) Sees Significant Growth in Short Interest

Clough Global Equity Fund (NYSEAMERICAN:GLQ) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 21,000 shares, an increase of 46.9% from the September 15th total of 14,300 shares. Based on an average daily volume of 39,000 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 39,000 shares, the short-interest ratio is presently 0.5 days.

Clough Global Equity Fund Price Performance

Shares of NYSEAMERICAN:GLQ opened at $7.70 on Friday. The firm has a 50 day simple moving average of $7.53 and a 200 day simple moving average of $7.04. Clough Global Equity Fund has a one year low of $5.33 and a one year high of $7.76.

Clough Global Equity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be paid a dividend of $0.065 per share. This represents a c) dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend is Wednesday, December 17th.

Hedge Funds Weigh In On Clough Global Equity Fund

A number of hedge funds have recently bought and sold shares of GLQ. Oppenheimer & Co. Inc. bought a new position in Clough Global Equity Fund during the first quarter worth $84,000. Blue Bell Private Wealth Management LLC raised its stake in Clough Global Equity Fund by 4.4% during the first quarter. Blue Bell Private Wealth Management LLC now owns 120,555 shares of the investment management company’s stock worth $758,000 after buying an additional 5,045 shares during the last quarter. Invesco Ltd. raised its stake in Clough Global Equity Fund by 5.1% during the first quarter. Invesco Ltd. now owns 103,753 shares of the investment management company’s stock worth $653,000 after buying an additional 5,072 shares during the last quarter. Sit Investment Associates Inc. raised its stake in Clough Global Equity Fund by 1.4% during the first quarter. Sit Investment Associates Inc. now owns 1,853,749 shares of the investment management company’s stock worth $11,660,000 after buying an additional 25,000 shares during the last quarter. Finally, North Ground Capital increased its stake in Clough Global Equity Fund by 99.0% in the first quarter. North Ground Capital now owns 218,903 shares of the investment management company’s stock valued at $1,368,000 after purchasing an additional 108,903 shares in the last quarter.

About Clough Global Equity Fund

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.