Calamos Global Total Return Fund (NASDAQ:CGO) Sees Significant Growth in Short Interest

Calamos Global Total Return Fund (NASDAQ:CGO) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 8,194 shares, an increase of 311.6% from the January 15th total of 1,991 shares. Based on an average trading volume of 26,494 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 26,494 shares, the days-to-cover ratio is currently 0.3 days.

Calamos Global Total Return Fund Stock Up 0.8%

Shares of CGO opened at $12.48 on Wednesday. Calamos Global Total Return Fund has a 1-year low of $8.71 and a 1-year high of $12.53. The firm’s 50 day simple moving average is $11.78 and its 200 day simple moving average is $11.79.

Calamos Global Total Return Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Friday, February 13th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) annualized dividend and a yield of 7.7%.

Institutional Trading of Calamos Global Total Return Fund

A number of hedge funds have recently bought and sold shares of CGO. Advisors Asset Management Inc. grew its position in Calamos Global Total Return Fund by 355.9% during the second quarter. Advisors Asset Management Inc. now owns 101,748 shares of the investment management company’s stock valued at $1,191,000 after acquiring an additional 79,428 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of Calamos Global Total Return Fund by 13.5% in the 3rd quarter. Brookstone Capital Management now owns 44,992 shares of the investment management company’s stock valued at $542,000 after purchasing an additional 5,358 shares in the last quarter. Shaker Financial Services LLC grew its holdings in shares of Calamos Global Total Return Fund by 34.6% during the 3rd quarter. Shaker Financial Services LLC now owns 214,332 shares of the investment management company’s stock valued at $2,581,000 after purchasing an additional 55,053 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Calamos Global Total Return Fund in the third quarter worth $126,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Calamos Global Total Return Fund by 3.3% during the third quarter. Envestnet Asset Management Inc. now owns 166,291 shares of the investment management company’s stock valued at $2,002,000 after buying an additional 5,267 shares during the last quarter.

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.