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

Calamos Global Total Return Fund (NASDAQ:CGO) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 25,100 shares, an increase of 7.3% from the September 15th total of 23,400 shares. Based on an average trading volume of 24,500 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Comerica Bank increased its holdings in 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 valued at $68,000 after buying an additional 2,000 shares in the last quarter. Brookstone Capital Management grew its holdings in shares of Calamos Global Total Return Fund by 18.8% in the 1st quarter. Brookstone Capital Management now owns 19,463 shares of the investment management company’s stock worth $202,000 after acquiring an additional 3,086 shares during the period. Finally, Harbour Investments Inc. increased its stake in Calamos Global Total Return Fund by 5.4% in the 2nd quarter. Harbour Investments Inc. now owns 58,725 shares of the investment management company’s stock valued at $651,000 after purchasing an additional 3,000 shares in the last quarter.

Calamos Global Total Return Fund Price Performance

CGO traded down $0.08 during trading on Thursday, reaching $12.24. The company’s stock had a trading volume of 17,550 shares, compared to its average volume of 29,427. The company’s fifty day moving average price is $11.69 and its 200-day moving average price is $11.07. Calamos Global Total Return Fund has a 52-week low of $7.90 and a 52-week high of $12.47.

Calamos Global Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 15th will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date is Tuesday, October 15th.

About Calamos Global Total Return Fund

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.