Calamos Global Total Return Fund (NASDAQ:CGO – Get Free Report) was the recipient of a significant increase in short interest in 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 trading volume of 20,665 shares, the short-interest ratio is presently 1.2 days.
Calamos Global Total Return Fund Stock Performance
Shares of Calamos Global Total Return Fund stock opened at $11.60 on Friday. The business has a 50-day moving average price of $12.91 and a 200-day moving average price of $13.01. Calamos Global Total Return Fund has a twelve month low of $10.71 and a twelve 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 Wednesday, October 21st. Stockholders of record on Wednesday, October 14th will be paid a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend is Wednesday, October 14th.
Institutional Trading of Calamos Global Total Return Fund
A number of institutional investors have recently bought and sold shares of CGO. Bank of America Corp DE boosted its stake in Calamos Global Total Return Fund by 2.3% during the first quarter. Bank of America Corp DE now owns 38,050 shares of the investment management company’s stock worth $424,000 after buying an additional 847 shares during the period. Brookstone Capital Management increased its position in Calamos Global Total Return Fund by 2.5% during the first quarter. Brookstone Capital Management now owns 48,760 shares of the investment management company’s stock valued at $544,000 after acquiring an additional 1,177 shares during the last quarter. PMG Family Office LLC increased its position in Calamos Global Total Return Fund by 5.1% during the first quarter. PMG Family Office LLC now owns 45,698 shares of the investment management company’s stock valued at $510,000 after acquiring an additional 2,230 shares during the last quarter. Continuum Advisory LLC purchased a new stake in shares of Calamos Global Total Return Fund in the second quarter valued at $57,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Calamos Global Total Return Fund in the first quarter valued at $63,000.
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.
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