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

Calamos Global Total Return Fund (NASDAQ:CGO) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 36,800 shares, a growth of 116.5% from the July 15th total of 17,000 shares. Based on an average daily trading volume, of 30,500 shares, the days-to-cover ratio is presently 1.2 days.

Calamos Global Total Return Fund Price Performance

CGO stock traded up $0.29 during mid-day trading on Thursday, hitting $11.52. 15,060 shares of the company were exchanged, compared to its average volume of 31,867. The firm has a fifty day simple moving average of $11.21 and a 200 day simple moving average of $10.50. Calamos Global Total Return Fund has a twelve month low of $7.90 and a twelve month high of $11.93.

Calamos Global Total Return Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 9th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.96 dividend on an annualized basis and a yield of 8.33%.

Institutional Trading of Calamos Global Total Return Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Securities Inc. bought a new stake in Calamos Global Total Return Fund during the fourth quarter valued at $1,639,000. Shaker Financial Services LLC boosted its holdings in shares of Calamos Global Total Return Fund by 24.6% in the 4th quarter. Shaker Financial Services LLC now owns 80,650 shares of the investment management company’s stock valued at $739,000 after buying an additional 15,924 shares during the period. Wolverine Asset Management LLC grew its position in shares of Calamos Global Total Return Fund by 5,022.3% during the 4th quarter. Wolverine Asset Management LLC now owns 60,494 shares of the investment management company’s stock valued at $549,000 after buying an additional 59,313 shares during the last quarter. Harbour Investments Inc. raised its stake in Calamos Global Total Return Fund by 5.4% during the second quarter. Harbour Investments Inc. now owns 58,725 shares of the investment management company’s stock worth $651,000 after acquiring an additional 3,000 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Calamos Global Total Return Fund by 54.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,359 shares of the investment management company’s stock worth $194,000 after acquiring an additional 7,559 shares during the last quarter.

Calamos Global Total Return Fund Company Profile

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.