Clough Global Equity Fund (NYSEAMERICAN:GLQ) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 20,578 shares, a decrease of 69.7% from the November 15th total of 67,977 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 84,418 shares, the short-interest ratio is presently 0.2 days.

Clough Global Equity Fund (GLQ) opened at $13.09 on Tuesday. Clough Global Equity Fund has a one year low of $10.86 and a one year high of $14.05.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th will be paid a dividend of $0.1223 per share. The ex-dividend date of this dividend is Monday, December 18th. This is an increase from Clough Global Equity Fund’s previous monthly dividend of $0.12. This represents a $1.47 dividend on an annualized basis and a dividend yield of 11.21%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new position in shares of Clough Global Equity Fund during the third quarter valued at approximately $518,000. Spectrum Management Group Inc. bought a new position in shares of Clough Global Equity Fund during the third quarter valued at approximately $204,000. Advisors Asset Management Inc. boosted its stake in shares of Clough Global Equity Fund by 5,808.9% during the third quarter. Advisors Asset Management Inc. now owns 183,175 shares of the investment management company’s stock valued at $2,429,000 after purchasing an additional 180,075 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Clough Global Equity Fund by 14.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 23,174 shares of the investment management company’s stock valued at $292,000 after purchasing an additional 2,928 shares in the last quarter. Finally, Moloney Securities Asset Management LLC bought a new position in shares of Clough Global Equity Fund during the third quarter valued at approximately $191,000.

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Clough Global Equity Fund Company Profile

Clough Global Equity Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return. It will invest approximately 80% in equity and equity-related securities in the United States and non-United States markets, and the remainder in fixed income securities, including both corporate and sovereign debt, in both the United States and non-United States markets.

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