Calamos Global Total Return Fund (NASDAQ:CGO) Short Interest Up 224.4% in July

Calamos Global Total Return Fund (NASDAQ:CGOGet Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 7,685 shares, a growth of 224.4% from the June 30th total of 2,369 shares. Based on an average daily trading volume, of 36,914 shares, the days-to-cover ratio is currently 0.2 days.

Calamos Global Total Return Fund Price Performance

CGO traded down $0.11 during trading on Friday, reaching $12.77. 23,494 shares of the stock were exchanged, compared to its average volume of 30,024. Calamos Global Total Return Fund has a twelve month low of $10.71 and a twelve month high of $14.20. The stock’s 50 day moving average price is $13.47 and its two-hundred day moving average price is $12.65.

Calamos Global Total Return Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 14th were given a $0.09 dividend. This is a boost from Calamos Global Total Return Fund’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Calamos Global Total Return Fund in the 3rd quarter valued at about $2,075,000. Guggenheim Capital LLC lifted its stake in Calamos Global Total Return Fund by 1.7% in the 4th quarter. Guggenheim Capital LLC now owns 172,012 shares of the investment management company’s stock valued at $1,959,000 after purchasing an additional 2,902 shares during the last quarter. Prairie Wealth Advisors Inc. grew its holdings in Calamos Global Total Return Fund by 1.9% during the third quarter. Prairie Wealth Advisors Inc. now owns 88,575 shares of the investment management company’s stock worth $1,066,000 after purchasing an additional 1,650 shares during the period. Cohen & Steers Inc. grew its holdings in Calamos Global Total Return Fund by 90.4% during the fourth quarter. Cohen & Steers Inc. now owns 57,277 shares of the investment management company’s stock worth $652,000 after purchasing an additional 27,190 shares during the period. Finally, 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 worth $544,000 after buying an additional 1,177 shares during the last quarter.

About Calamos Global Total Return Fund

(Get Free Report)

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.

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