Clough Global Equity Fund (NYSEAMERICAN:GLQ) Short Interest Down 90.5% in March

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%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Rivernorth Capital Management LLC boosted its position in shares of Clough Global Equity Fund by 102.7% during the 4th quarter. Rivernorth Capital Management LLC now owns 431,737 shares of the investment management company’s stock worth $5,211,000 after acquiring an additional 218,712 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in Clough Global Equity Fund in the fourth quarter valued at approximately $634,000. Allred Capital Management LLC acquired a new stake in Clough Global Equity Fund in the fourth quarter valued at approximately $123,000. Advisors Asset Management Inc. boosted its position in Clough Global Equity Fund by 1.1% in the fourth quarter. Advisors Asset Management Inc. now owns 750,120 shares of the investment management company’s stock valued at $27,649,000 after buying an additional 8,049 shares in the last quarter. Finally, Mid Atlantic Financial Management Inc. ADV boosted its position in Clough Global Equity Fund by 42.4% in the fourth quarter. Mid Atlantic Financial Management Inc. ADV now owns 18,800 shares of the investment management company’s stock valued at $227,000 after buying an additional 5,600 shares in the last quarter.

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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