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

Calamos Global Total Return Fund (NASDAQ:CGO) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 29,500 shares, a growth of 17.5% from the September 30th total of 25,100 shares. Based on an average trading volume of 21,200 shares, the days-to-cover ratio is currently 1.4 days.

Calamos Global Total Return Fund Trading Up 0.9 %

NASDAQ:CGO traded up $0.11 during trading hours on Wednesday, reaching $12.10. 6,153 shares of the company’s stock were exchanged, compared to its average volume of 28,962. Calamos Global Total Return Fund has a 12 month low of $8.07 and a 12 month high of $12.59. The business’s 50-day simple moving average is $11.87 and its two-hundred day simple moving average is $11.21.

Calamos Global Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 15th were paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 7.93%. The ex-dividend date was Tuesday, October 15th.

Hedge Funds Weigh In On Calamos Global Total Return Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CGO. Brookstone Capital Management lifted its position in Calamos Global Total Return Fund by 4.5% in the 3rd quarter. Brookstone Capital Management now owns 20,389 shares of the investment management company’s stock worth $244,000 after buying an additional 880 shares in the last quarter. Harbour Investments Inc. lifted its position 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 worth $651,000 after buying an additional 3,000 shares in the last quarter. Finally, Comerica Bank lifted its position in Calamos Global Total Return Fund by 43.6% in the 1st quarter. Comerica Bank now owns 6,585 shares of the investment management company’s stock worth $68,000 after buying an additional 2,000 shares in the last quarter.

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.