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

Calamos Global Total Return Fund (NASDAQ:CGO) was the target of a large increase in short interest during 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 trading volume, of 20,665 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On Calamos Global Total Return Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Continuum Advisory LLC purchased a new position in shares of Calamos Global Total Return Fund in the 2nd quarter worth about $57,000. Fifth Third Bancorp acquired a new position in shares of Calamos Global Total Return Fund in the 1st quarter valued at about $63,000. Retirement Planning Group LLC grew its holdings in shares of Calamos Global Total Return Fund by 60.6% during the 1st quarter. Retirement Planning Group LLC now owns 18,083 shares of the investment management company’s stock worth $202,000 after purchasing an additional 6,820 shares during the period. Kestra Advisory Services LLC grew its holdings in shares of Calamos Global Total Return Fund by 33.3% during the 1st quarter. Kestra Advisory Services LLC now owns 22,652 shares of the investment management company’s stock worth $253,000 after purchasing an additional 5,655 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Calamos Global Total Return Fund by 2.3% during the 1st 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 period.

Calamos Global Total Return Fund Trading Down 1.5%

Shares of CGO traded down $0.18 during trading hours on Friday, hitting $12.02. The stock had a trading volume of 2,649 shares, compared to its average volume of 28,802. The company’s fifty day simple moving average is $12.94 and its 200 day simple moving average is $13.02. Calamos Global Total Return Fund has a 12-month low of $10.71 and a 12-month high of $14.20.

Calamos Global Total Return Fund Announces Dividend

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

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.