Clough Global Equity Fund (NYSEAMERICAN:GLQ) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Clough Global Equity Fund (NYSEAMERICAN:GLQ) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.70 and traded as high as $7.74. Clough Global Equity Fund shares last traded at $7.73, with a volume of 129,121 shares.

Clough Global Equity Fund Stock Up 0.9%

The stock has a 50 day simple moving average of $7.70 and a 200 day simple moving average of $7.47.

Clough Global Equity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were given a $0.065 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a c) annualized dividend and a yield of 10.1%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GLQ. Alpine Global Management LLC bought a new stake in shares of Clough Global Equity Fund during the third quarter worth about $1,550,000. Verition Fund Management LLC lifted its position in Clough Global Equity Fund by 70.6% in the 3rd quarter. Verition Fund Management LLC now owns 483,270 shares of the investment management company’s stock valued at $3,678,000 after acquiring an additional 200,045 shares in the last quarter. Citadel Advisors LLC boosted its stake in Clough Global Equity Fund by 54.5% during the 3rd quarter. Citadel Advisors LLC now owns 30,420 shares of the investment management company’s stock valued at $231,000 after purchasing an additional 10,734 shares during the last quarter. Almitas Capital LLC increased its holdings in Clough Global Equity Fund by 47.5% during the 3rd quarter. Almitas Capital LLC now owns 114,007 shares of the investment management company’s stock worth $868,000 after purchasing an additional 36,704 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Clough Global Equity Fund by 2.5% during the 3rd quarter. Raymond James Financial Inc. now owns 73,317 shares of the investment management company’s stock worth $558,000 after purchasing an additional 1,784 shares in the last quarter.

About Clough Global Equity Fund

Clough Global Equity Fund (NYSE American: GLQ) is a closed-end management investment company that seeks long-term capital appreciation through a diversified portfolio of global equity securities. The fund’s primary objective is to invest in a concentrated selection of companies across both developed and emerging markets, providing U.S. investors with access to international growth opportunities alongside domestic equities. Its shares trade on the NYSE American exchange, offering investors liquidity and the potential benefits of a closed-end structure.

The fund adopts a bottom-up, fundamental research approach to identify high-quality companies trading at attractive valuations.