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

Clough Global Equity Fund (NYSEAMERICAN:GLQ) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 15,100 shares, a decline of 15.6% from the August 15th total of 17,900 shares. Based on an average trading volume of 77,900 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Clough Global Equity Fund

A number of large investors have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC lifted its stake in shares of Clough Global Equity Fund by 71.2% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 13,696 shares of the investment management company’s stock worth $96,000 after acquiring an additional 5,696 shares during the period. Matisse Capital boosted its stake in shares of Clough Global Equity Fund by 8.5% during the 1st quarter. Matisse Capital now owns 73,483 shares of the investment management company’s stock worth $478,000 after purchasing an additional 5,731 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in Clough Global Equity Fund by 10.9% in 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 during the last quarter. 180 Wealth Advisors LLC lifted its position in Clough Global Equity Fund by 58.1% during the second quarter. 180 Wealth Advisors LLC now owns 21,900 shares of the investment management company’s stock worth $158,000 after buying an additional 8,050 shares during the period. Finally, Quantedge Capital Pte Ltd lifted its position in Clough Global Equity Fund by 9.2% during the fourth quarter. Quantedge Capital Pte Ltd now owns 123,633 shares of the investment management company’s stock worth $733,000 after buying an additional 10,400 shares during the period.

Clough Global Equity Fund Stock Performance

Shares of Clough Global Equity Fund stock remained flat at $6.74 on Wednesday. 27,657 shares of the stock were exchanged, compared to its average volume of 68,503. Clough Global Equity Fund has a twelve month low of $5.13 and a twelve month high of $7.30.

Clough Global Equity Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 22nd were issued a dividend of $0.0603 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a yield of 10.49%.

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.