GLQ: Improved Leverage Profile And Distribution Rate [Seeking Alpha]
Clough Global Equity Fund Clough Global Equity Fund Common Shares of Beneficial Interest (GLQ)
NASDAQ:AMEX Investor Relations:
cloughglobal.com/closed-end-funds/overview/glo
Company Research
Source: Seeking Alpha
Summary GLQ has significantly reduced its leverage from 40% to 12%, making it a less volatile and more suitable fund for today's uncertain macro environment. The fund has outperformed the S&P 500 and Nasdaq in 2024, driven by strong security selection, particularly in tech and semiconductor stocks. GLQ's discount to NAV has narrowed from -20% to -14%, reflecting improved market perception and structural normalization. The fund uses Return of Capital strategically to increase equity allocation without additional leverage, supporting a sustainable 10% distribution rate. Abstract Aerial Art Thesis Clough Global Equity Fund ( NYSE: GLQ ) is an equity closed end fund we have not visited since 2022. In our last article on the name, we highlighted how the fund had a very high unsupported distribution rate and a significant amount of leverage, making it a high beta play. In light of the equity market rally in 2024, we are going to revisit this name, its structure and composit
Show less
Read more
Impact Snapshot
Event Time:
GLQ
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GLQ alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GLQ alerts
High impacting Clough Global Equity Fund Clough Global Equity Fund Common Shares of Beneficial Interest news events
Weekly update
A roundup of the hottest topics
GLQ
Sec Filings
- 9/27/24 - Form NPORT-P
- 8/30/24 - Form N-PX
- GLQ's page on the SEC website