Short Interest in Calamos Global Total Return Fund (NASDAQ:CGO) Rises By 123.7%

Calamos Global Total Return Fund (NASDAQ:CGO) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 17,000 shares, an increase of 123.7% from the June 30th total of 7,600 shares. Based on an average trading volume of 31,200 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Calamos Global Total Return Fund

Several large investors have recently made changes to their positions in CGO. Comerica Bank grew its stake in shares of Calamos Global Total Return Fund by 43.6% in the first quarter. Comerica Bank now owns 6,585 shares of the investment management company’s stock worth $68,000 after purchasing an additional 2,000 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of Calamos Global Total Return Fund by 22.8% in the 4th quarter. CoreCap Advisors LLC now owns 13,811 shares of the investment management company’s stock valued at $125,000 after buying an additional 2,568 shares during the last quarter. Brookstone Capital Management increased its stake in shares of Calamos Global Total Return Fund by 36.0% in the fourth quarter. Brookstone Capital Management now owns 16,377 shares of the investment management company’s stock valued at $149,000 after buying an additional 4,339 shares during the period. Gilliland Jeter Wealth Management LLC bought a new position in shares of Calamos Global Total Return Fund during the fourth quarter worth about $164,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Calamos Global Total Return Fund by 54.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,359 shares of the investment management company’s stock worth $194,000 after acquiring an additional 7,559 shares during the period.

Calamos Global Total Return Fund Stock Performance

NASDAQ CGO traded down $0.07 during trading on Friday, reaching $11.21. The company’s stock had a trading volume of 34,863 shares, compared to its average volume of 32,840. The firm has a 50 day moving average price of $11.04 and a 200 day moving average price of $10.31. Calamos Global Total Return Fund has a 12 month low of $7.90 and a 12 month high of $11.93.

Calamos Global Total Return Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 12th were given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 8.56%. The ex-dividend date was Friday, July 12th.

Calamos Global Total Return Fund Company Profile

Calamos Global Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors.