Short Interest in Calamos Global Total Return Fund (NASDAQ:CGO) Rises By 53.4%

Calamos Global Total Return Fund (NASDAQ:CGO) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 6,062 shares, a growth of 53.4% from the November 30th total of 3,953 shares. Based on an average daily trading volume, of 17,027 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 17,027 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Calamos Global Total Return Fund

A number of institutional investors have recently bought and sold shares of CGO. Allworth Financial LP purchased a new stake in shares of Calamos Global Total Return Fund in the 2nd quarter valued at $82,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Calamos Global Total Return Fund during the 3rd quarter valued at about $126,000. Osaic Holdings Inc. lifted its holdings in shares of Calamos Global Total Return Fund by 64.6% in the 2nd quarter. Osaic Holdings Inc. now owns 16,896 shares of the investment management company’s stock valued at $198,000 after buying an additional 6,630 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Calamos Global Total Return Fund by 6.8% in the 3rd quarter. NewEdge Advisors LLC now owns 17,300 shares of the investment management company’s stock valued at $208,000 after buying an additional 1,100 shares during the period. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Calamos Global Total Return Fund in the first quarter worth about $231,000.

Calamos Global Total Return Fund Stock Performance

Shares of CGO stock opened at $11.58 on Monday. The business has a fifty day moving average of $11.50 and a 200 day moving average of $11.69. Calamos Global Total Return Fund has a 1 year low of $8.71 and a 1 year high of $12.35.

Calamos Global Total Return Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 9th. Investors of record on Tuesday, December 30th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

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.