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

Calamos Global Total Return Fund (NASDAQ:CGO) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 2,700 shares, a decline of 28.9% from the February 13th total of 3,800 shares. Based on an average daily volume of 26,400 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Calamos Global Total Return Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new position in shares of Calamos Global Total Return Fund during the fourth quarter valued at approximately $38,000. Raymond James Financial Inc. purchased a new position in Calamos Global Total Return Fund during the 4th quarter valued at $298,000. Prairie Wealth Advisors Inc. grew its position in Calamos Global Total Return Fund by 9.4% in the 4th quarter. Prairie Wealth Advisors Inc. now owns 78,175 shares of the investment management company’s stock valued at $897,000 after acquiring an additional 6,700 shares during the last quarter. Invesco Ltd. increased its stake in Calamos Global Total Return Fund by 2.4% in the fourth quarter. Invesco Ltd. now owns 88,223 shares of the investment management company’s stock worth $1,005,000 after purchasing an additional 2,085 shares during the period. Finally, Shaker Financial Services LLC bought a new stake in shares of Calamos Global Total Return Fund during the fourth quarter worth $1,296,000.

Calamos Global Total Return Fund Price Performance

NASDAQ:CGO opened at $10.51 on Monday. The business’s 50-day simple moving average is $11.24 and its two-hundred day simple moving average is $11.62. Calamos Global Total Return Fund has a 52 week low of $9.57 and a 52 week high of $12.59.

Calamos Global Total Return Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 13th will be paid a $0.08 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.96 annualized dividend and a yield of 9.13%.

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.