Clough Global Equity Fund (NYSEAMERICAN:GLQ – Get Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totaling 18,109 shares, a drop of 32.8% from the March 15th total of 26,938 shares. Based on an average trading volume of 45,415 shares, the short-interest ratio is presently 0.4 days.
Institutional Trading of Clough Global Equity Fund
A number of institutional investors have recently made changes to their positions in the stock. Saba Capital Management L.P. boosted its holdings in Clough Global Equity Fund by 87.8% in the fourth quarter. Saba Capital Management L.P. now owns 1,005,110 shares of the investment management company’s stock worth $7,699,000 after purchasing an additional 469,857 shares during the last quarter. Almitas Capital LLC lifted its holdings in shares of Clough Global Equity Fund by 183.3% during the 4th quarter. Almitas Capital LLC now owns 322,982 shares of the investment management company’s stock valued at $2,474,000 after buying an additional 208,975 shares during the period. Alpine Global Management LLC purchased a new position in shares of Clough Global Equity Fund in the 3rd quarter worth $1,550,000. Verition Fund Management LLC grew its holdings in shares of Clough Global Equity Fund by 70.6% in the third quarter. Verition Fund Management LLC now owns 483,270 shares of the investment management company’s stock worth $3,678,000 after acquiring an additional 200,045 shares during the period. Finally, TrueMark Investments LLC bought a new stake in shares of Clough Global Equity Fund in the third quarter worth $1,460,000.
Clough Global Equity Fund Stock Performance
GLQ stock traded up $0.09 during midday trading on Tuesday, hitting $8.10. The company’s stock had a trading volume of 40,486 shares, compared to its average volume of 65,615. Clough Global Equity Fund has a 12 month low of $5.71 and a 12 month high of $8.38. The firm’s 50-day moving average is $7.93 and its 200-day moving average is $7.82.
Clough Global Equity Fund Announces Dividend
About Clough Global Equity Fund
Clough Global Equity Fund (NYSE American: GLQ) is a closed-end management investment company that seeks long-term capital appreciation through a diversified portfolio of global equity securities. The fund’s primary objective is to invest in a concentrated selection of companies across both developed and emerging markets, providing U.S. investors with access to international growth opportunities alongside domestic equities. Its shares trade on the NYSE American exchange, offering investors liquidity and the potential benefits of a closed-end structure.
The fund adopts a bottom-up, fundamental research approach to identify high-quality companies trading at attractive valuations.
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