Calamos Global Total Return Fund (NASDAQ:CGO) Stock Short Interest Rises 61.5%

Calamos Global Total Return Fund (NASDAQ:CGO) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 23,921 shares, an increase of 61.5% from the September 15th total of 14,810 shares. Based on an average daily volume of 20,665 shares, the days-to-cover ratio is presently 1.2 days.

Calamos Global Total Return Fund Stock Performance

Calamos Global Total Return Fund stock traded down $0.18 during trading on Friday, hitting $12.02. The company’s stock had a trading volume of 2,649 shares, compared to its average volume of 28,802. The stock’s fifty day moving average is $12.94 and its 200 day moving average is $13.02. Calamos Global Total Return Fund has a 1-year low of $10.71 and a 1-year high of $14.20.

Calamos Global Total Return Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Wednesday, October 14th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $1.08 annualized dividend and a yield of 9.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Shaker Financial Services LLC boosted its position in shares of Calamos Global Total Return Fund by 4.5% in the third quarter. Shaker Financial Services LLC now owns 185,151 shares of the investment management company’s stock worth $2,388,000 after acquiring an additional 8,045 shares during the last quarter. Bank of America Corp DE increased its position in Calamos Global Total Return Fund by 2.3% during the first quarter. Bank of America Corp DE now owns 38,050 shares of the investment management company’s stock worth $424,000 after purchasing an additional 847 shares during the last quarter. Continuum Advisory LLC acquired a new position in Calamos Global Total Return Fund during the second quarter worth approximately $57,000. Advisory Solutions Group LLC acquired a new position in Calamos Global Total Return Fund during the second quarter worth approximately $716,000. Finally, Fifth Third Bancorp acquired a new position in Calamos Global Total Return Fund during the first quarter worth approximately $63,000.

About Calamos Global Total Return Fund

Calamos Global Total Return Fund (NASDAQ: CGO) is a closed-end investment fund managed by Calamos Advisors LLC, an affiliate of Calamos Asset Management. The fund seeks to provide investors with total return through a combination of current income and capital appreciation.

To pursue its objective, the fund invests in a globally diversified portfolio of securities, which may include common stocks, preferred stocks, convertible securities and fixed-income instruments. Its portfolio may include investments in companies and issuers located in the United States and international markets, giving shareholders exposure to multiple regions and asset classes.

Calamos Global Total Return Fund is designed for investors seeking professionally managed global exposure through a single closed-end fund.