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

Clough Global Equity Fund (NYSEAMERICAN:GLQ – Get Free Report) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 95,090 shares, a growth of 80.2% from the August 31st total of 52,767 shares. Based on an average daily volume of 48,256 shares, the short-interest ratio is presently 2.0 days.

Clough Global Equity Fund Trading Up 0.5%

NYSEAMERICAN:GLQ traded up $0.04 during trading hours on Tuesday, reaching $7.54. 56,948 shares of the company’s stock were exchanged, compared to its average volume of 67,831. Clough Global Equity Fund has a 12 month low of $7.27 and a 12 month high of $8.75. The business’s 50-day simple moving average is $8.05 and its two-hundred day simple moving average is $8.15.

Clough Global Equity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 17th will be given a dividend of $0.0729 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date is Thursday, September 17th.

Hedge Funds Weigh In On Clough Global Equity Fund

Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. purchased a new position in Clough Global Equity Fund in the 1st quarter worth about $56,000. Concurrent Investment Advisors LLC acquired a new position in shares of Clough Global Equity Fund in the second quarter worth about $158,000. Sanctuary Advisors LLC acquired a new position in shares of Clough Global Equity Fund in the second quarter worth about $197,000. Cetera Investment Advisers purchased a new position in shares of Clough Global Equity Fund in the first quarter worth approximately $409,000. Finally, North Ground Capital purchased a new position in shares of Clough Global Equity Fund in the second quarter worth approximately $767,990.

About Clough Global Equity Fund

(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.

Further Reading

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