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

Calamos Global Total Return Fund (NASDAQ:CGO) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 12,635 shares, a growth of 64.4% from the July 15th total of 7,685 shares. Based on an average trading volume of 29,282 shares, the days-to-cover ratio is currently 0.4 days.

Calamos Global Total Return Fund Stock Down 1.5%

CGO stock traded down $0.20 during mid-day trading on Tuesday, reaching $13.09. The company’s stock had a trading volume of 24,829 shares, compared to its average volume of 30,267. The company’s 50 day moving average is $13.24 and its two-hundred day moving average is $12.76. Calamos Global Total Return Fund has a fifty-two week low of $10.71 and a fifty-two week high of $14.20.

Calamos Global Total Return Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 14th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

Institutional Trading of Calamos Global Total Return Fund

Several large investors have recently added to or reduced their stakes in the stock. Cohen & Steers Inc. raised its holdings in shares of Calamos Global Total Return Fund by 90.4% during the 4th quarter. Cohen & Steers Inc. now owns 57,277 shares of the investment management company’s stock worth $652,000 after acquiring an additional 27,190 shares during the period. Osaic Holdings Inc. increased its position in Calamos Global Total Return Fund by 133.9% during the fourth 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. NewEdge Advisors LLC increased its position in Calamos Global Total Return Fund by 6.8% during the third quarter. NewEdge Advisors LLC now owns 17,300 shares of the investment management company’s stock worth $208,000 after purchasing an additional 1,100 shares during the last quarter. Cetera Investment Advisers purchased a new position in Calamos Global Total Return Fund during the fourth quarter worth about $115,000. Finally, Bank of America Corp DE purchased a new position in Calamos Global Total Return Fund during the second quarter worth about $583,000.

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.