Clough Global Equity Fund (NYSEAMERICAN:GLQ) Short Interest Down 25.6% in March

Clough Global Equity Fund (NYSEAMERICAN:GLQ) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 48,900 shares, a decrease of 25.6% from the February 28th total of 65,700 shares. Based on an average daily trading volume, of 65,300 shares, the days-to-cover ratio is currently 0.7 days.

Clough Global Equity Fund Trading Up 0.2 %

NYSEAMERICAN GLQ traded up $0.01 on Tuesday, reaching $6.30. The company’s stock had a trading volume of 48,749 shares, compared to its average volume of 73,770. Clough Global Equity Fund has a twelve month low of $6.12 and a twelve month high of $7.30. The business has a 50 day moving average price of $6.66.

Clough Global Equity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were paid a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 12.38%. The ex-dividend date of this dividend was Tuesday, March 18th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. increased its stake in Clough Global Equity Fund by 9.8% in the 4th quarter. Sit Investment Associates Inc. now owns 1,828,749 shares of the investment management company’s stock worth $12,179,000 after purchasing an additional 163,687 shares in the last quarter. Saba Capital Management L.P. increased its position in shares of Clough Global Equity Fund by 16.7% in the fourth quarter. Saba Capital Management L.P. now owns 526,276 shares of the investment management company’s stock worth $3,505,000 after acquiring an additional 75,119 shares in the last quarter. 1607 Capital Partners LLC raised its holdings in shares of Clough Global Equity Fund by 201.0% during the fourth quarter. 1607 Capital Partners LLC now owns 466,061 shares of the investment management company’s stock valued at $3,104,000 after acquiring an additional 311,228 shares during the period. Wolverine Asset Management LLC raised its holdings in shares of Clough Global Equity Fund by 160.5% during the fourth quarter. Wolverine Asset Management LLC now owns 155,175 shares of the investment management company’s stock valued at $1,033,000 after acquiring an additional 95,602 shares during the period. Finally, Shaker Financial Services LLC lifted its position in shares of Clough Global Equity Fund by 198.0% in the 4th quarter. Shaker Financial Services LLC now owns 140,053 shares of the investment management company’s stock valued at $933,000 after acquiring an additional 93,063 shares in the last quarter.

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.