Short Interest in Calamos Global Total Return Fund (NASDAQ:CGO) Rises By 64.4%

Calamos Global Total Return Fund (NASDAQ:CGO) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 12,635 shares, a growth of 64.4% from the July 15th total of 7,685 shares. Based on an average daily volume of 29,282 shares, the short-interest ratio is presently 0.4 days.

Calamos Global Total Return Fund Stock Performance

Calamos Global Total Return Fund stock traded down $0.09 during mid-day trading on Monday, hitting $13.28. 29,861 shares of the company were exchanged, compared to its average volume of 30,306. The business’s 50 day simple moving average is $13.24 and its two-hundred day simple moving average is $12.75. 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 business also recently disclosed a monthly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 8.1%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new position in Calamos Global Total Return Fund during the third quarter worth about $2,075,000. Evolve Private Wealth LLC purchased a new stake in shares of Calamos Global Total Return Fund during the second quarter worth $649,000. Bank of America Corp DE acquired a new stake in Calamos Global Total Return Fund in the second quarter valued at approximately $583,000. Cohen & Steers Inc. boosted its stake in shares of Calamos Global Total Return Fund by 90.4% during the 4th quarter. Cohen & Steers Inc. now owns 57,277 shares of the investment management company’s stock worth $652,000 after acquiring an additional 27,190 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Calamos Global Total Return Fund by 115.1% in the 4th quarter. Invesco Ltd. now owns 40,293 shares of the investment management company’s stock valued at $459,000 after buying an additional 21,561 shares during the last quarter.

About Calamos Global Total Return Fund

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.