Short Interest in Clough Global Equity Fund (NYSEAMERICAN:GLQ) Decreases By 35.3%

Clough Global Equity Fund (NYSEAMERICAN:GLQ) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 70,821 shares, a decrease of 35.3% from the July 15th total of 109,414 shares. Based on an average daily trading volume, of 51,213 shares, the days-to-cover ratio is presently 1.4 days.

Clough Global Equity Fund Stock Up 0.2%

Shares of NYSEAMERICAN:GLQ opened at $8.37 on Tuesday. The business has a fifty day simple moving average of $8.39 and a 200 day simple moving average of $8.20. Clough Global Equity Fund has a 12-month low of $7.14 and a 12-month high of $8.75.

Clough Global Equity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 17th will be issued a dividend of $0.0729 per share. This represents a c) dividend on an annualized basis and a yield of 10.5%. The ex-dividend date is Thursday, September 17th.

Institutional Investors Weigh In On Clough Global Equity Fund

A number of hedge funds have recently added to or reduced their stakes in GLQ. Royal Bank of Canada increased its position in shares of Clough Global Equity Fund by 74.3% during the first quarter. Royal Bank of Canada now owns 293,734 shares of the investment management company’s stock worth $1,848,000 after acquiring an additional 125,252 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Clough Global Equity Fund by 4.1% in the 2nd quarter. Raymond James Financial Inc. now owns 71,533 shares of the investment management company’s stock worth $510,000 after buying an additional 2,832 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in shares of Clough Global Equity Fund during the 2nd quarter valued at $107,000. Osaic Holdings Inc. increased its holdings in shares of Clough Global Equity Fund by 476.2% in the 2nd quarter. Osaic Holdings Inc. now owns 44,027 shares of the investment management company’s stock worth $314,000 after buying an additional 36,386 shares during the last quarter. Finally, SeaCrest Wealth Management LLC raised its stake in shares of Clough Global Equity Fund by 16.2% during the third quarter. SeaCrest Wealth Management LLC now owns 47,936 shares of the investment management company’s stock worth $372,000 after acquiring an additional 6,685 shares in the last quarter.

Clough Global Equity Fund Company Profile

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.