Short Interest in Calamos Global Total Return Fund (NASDAQ:CGO) Increases By 224.4%

Calamos Global Total Return Fund (NASDAQ:CGO) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 7,685 shares, a growth of 224.4% from the June 30th total of 2,369 shares. Based on an average daily trading volume, of 36,914 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Calamos Global Total Return Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp bought a new stake in Calamos Global Total Return Fund during the first quarter worth about $63,000. Kestra Advisory Services LLC grew its stake in Calamos Global Total Return Fund by 33.3% in the first quarter. Kestra Advisory Services LLC now owns 22,652 shares of the investment management company’s stock valued at $253,000 after purchasing an additional 5,655 shares in the last quarter. Beacon Pointe Advisors LLC bought a new position in Calamos Global Total Return Fund in the fourth quarter valued at approximately $117,000. Cetera Investment Advisers acquired a new position in shares of Calamos Global Total Return Fund during the 4th quarter worth approximately $115,000. Finally, Osaic Holdings Inc. increased its position in shares of Calamos Global Total Return Fund by 133.9% during the 4th quarter. Osaic Holdings Inc. now owns 27,720 shares of the investment management company’s stock worth $316,000 after purchasing an additional 15,869 shares during the last quarter.

Calamos Global Total Return Fund Stock Down 0.9%

Shares of CGO stock traded down $0.11 during trading hours on Friday, hitting $12.77. 23,494 shares of the company were exchanged, compared to its average volume of 30,024. Calamos Global Total Return Fund has a 52 week low of $10.71 and a 52 week high of $14.20. The business has a 50 day moving average of $13.47 and a two-hundred day moving average of $12.65.

Calamos Global Total Return Fund Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 14th were given a dividend of $0.09 per share. This is an increase from Calamos Global Total Return Fund’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 8.5%.

Calamos Global Total Return Fund Company Profile

Calamos Global Total Return Fund, Inc (NASDAQ: CGO) is a closed-end management investment company that seeks to provide total return through a combination of capital appreciation and current income. The fund is managed by Calamos Advisors LLC, an affiliate of Calamos Investments, and pursues a flexible, multi‐asset strategy designed to adapt to changing market environments. Its objective is to deliver competitive risk‐adjusted returns over full market cycles by blending growth and income opportunities within a single vehicle.

The fund invests in a globally diversified portfolio of equity and debt securities, including common stocks, convertible securities and high‐yield corporate bonds.