Clough Global Equity Fund (NYSEAMERICAN:GLQ) Sees Large Growth in Short Interest

Clough Global Equity Fund (NYSEAMERICAN:GLQ) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 58,600 shares, a growth of 48.0% from the May 31st total of 39,600 shares. Based on an average daily volume of 66,500 shares, the days-to-cover ratio is currently 0.9 days.

Insider Activity at Clough Global Equity Fund

In related news, insider Charles Clough, Jr. bought 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was bought at an average cost of $6.36 per share, for a total transaction of $318,000.00. Following the completion of the transaction, the insider now owns 440,291 shares of the company’s stock, valued at $2,800,250.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GLQ. B. Riley Wealth Advisors Inc. bought a new position in Clough Global Equity Fund in the 1st quarter worth $137,000. Matisse Capital lifted its holdings in Clough Global Equity Fund by 8.5% in the first quarter. Matisse Capital now owns 73,483 shares of the investment management company’s stock worth $478,000 after buying an additional 5,731 shares during the period. Blue Bell Private Wealth Management LLC lifted its holdings in Clough Global Equity Fund by 321.1% in the first quarter. Blue Bell Private Wealth Management LLC now owns 8,000 shares of the investment management company’s stock worth $52,000 after buying an additional 6,100 shares during the period. SeaCrest Wealth Management LLC boosted its position in Clough Global Equity Fund by 10.9% during the 1st quarter. SeaCrest Wealth Management LLC now owns 63,315 shares of the investment management company’s stock valued at $412,000 after acquiring an additional 6,224 shares in the last quarter. Finally, 180 Wealth Advisors LLC purchased a new position in shares of Clough Global Equity Fund during the 1st quarter worth approximately $90,000.

Clough Global Equity Fund Stock Down 0.7 %

Clough Global Equity Fund stock traded down $0.05 during trading hours on Monday, reaching $6.93. The company had a trading volume of 30,478 shares, compared to its average volume of 63,131. Clough Global Equity Fund has a 12-month low of $5.13 and a 12-month high of $7.01.

Clough Global Equity Fund Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th were issued a dividend of $0.0603 per share. The ex-dividend date was Thursday, April 18th. This represents a dividend yield of 11.38%.

About Clough Global Equity Fund

Clough Global Equity Fund is a closed ended equity mutual fund launched and managed by Clough Capital Partners, L.P. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental and quantitative analysis with a bottom up stock picking approach to create its portfolio, with focus on factors such as a company's competitive position, quality of company management, quality and visibility of earnings and cash flow, balance sheet strength, and relative valuation.