Short Interest in Clough Global Equity Fund (NYSEAMERICAN:GLQ) Decreases By 32.8%
by Scott Moore · The Cerbat GemClough Global Equity Fund (NYSEAMERICAN:GLQ – Get Free Report) saw a significant decrease in short interest in March. As of March 31st, there was short interest totaling 18,109 shares, a decrease of 32.8% from the March 15th total of 26,938 shares. Based on an average daily volume of 45,415 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in GLQ. Royal Bank of Canada increased its holdings in shares of Clough Global Equity Fund by 74.3% in the 1st quarter. Royal Bank of Canada now owns 293,734 shares of the investment management company’s stock valued at $1,848,000 after acquiring an additional 125,252 shares during the period. Raymond James Financial Inc. increased its holdings in shares of 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 valued at $510,000 after acquiring an additional 2,832 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in shares of Clough Global Equity Fund in 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 valued at $314,000 after acquiring an additional 36,386 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its holdings in shares of Clough Global Equity Fund by 31.7% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 160,208 shares of the investment management company’s stock valued at $1,219,000 after acquiring an additional 38,583 shares during the period.
Clough Global Equity Fund Stock Down 0.1%
NYSEAMERICAN GLQ traded down $0.01 during midday trading on Thursday, hitting $8.05. 80,878 shares of the company traded hands, compared to its average volume of 65,843. Clough Global Equity Fund has a 52 week low of $5.71 and a 52 week high of $8.38. The company’s 50-day simple moving average is $7.92 and its 200-day simple moving average is $7.83.
Clough Global Equity Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 17th will be issued a $0.0729 dividend. The ex-dividend date is Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%.
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.