Short Interest in Clough Global Equity Fund (NYSEAMERICAN:GLQ) Declines By 68.8%
by Kim Johansen · The Markets DailyClough Global Equity Fund (NYSEAMERICAN:GLQ – Get Free Report) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 6,761 shares, a decline of 68.8% from the November 30th total of 21,647 shares. Based on an average daily volume of 57,848 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 57,848 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On Clough Global Equity Fund
Several large investors have recently bought and sold shares of GLQ. Wolverine Asset Management LLC bought a new stake in Clough Global Equity Fund during the third quarter worth approximately $78,000. Total Wealth Planning & Management Inc. bought a new stake in shares of Clough Global Equity Fund during the second quarter valued at approximately $84,000. Truvestments Capital LLC bought a new stake in shares of Clough Global Equity Fund during the first quarter valued at approximately $92,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Clough Global Equity Fund in the second quarter valued at approximately $107,000. Finally, Citadel Advisors LLC boosted its holdings in shares of Clough Global Equity Fund by 54.5% in the third quarter. Citadel Advisors LLC now owns 30,420 shares of the investment management company’s stock valued at $231,000 after purchasing an additional 10,734 shares during the period.
Clough Global Equity Fund Trading Up 0.4%
GLQ stock traded up $0.03 during midday trading on Friday, hitting $7.72. The company’s stock had a trading volume of 43,563 shares, compared to its average volume of 48,125. Clough Global Equity Fund has a 12 month low of $5.33 and a 12 month high of $7.99. The company has a 50 day moving average of $7.69 and a two-hundred day moving average of $7.45.
Clough Global Equity Fund Dividend Announcement
The business 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) annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend is Wednesday, December 17th.
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.