Clough Global Equity Fund (NYSEAMERICAN:GLQ) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totalling 1,900 shares, a drop of 90.5% from the February 27th total of 20,000 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 69,500 shares, the days-to-cover ratio is currently 0.0 days.
Shares of GLQ traded up $0.21 during mid-day trading on Thursday, hitting $9.06. 43,700 shares of the company’s stock were exchanged, compared to its average volume of 88,824. Clough Global Equity Fund has a 52 week low of $5.87 and a 52 week high of $13.70.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be issued a dividend of $0.1104 per share. The ex-dividend date is Thursday, March 19th. This represents a $1.32 annualized dividend and a dividend yield of 14.62%.
Clough Global Equity Fund Company Profile
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.
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