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

Calamos Global Total Return Fund (NASDAQ:CGO) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 29,500 shares, a growth of 17.5% from the September 30th total of 25,100 shares. Based on an average daily trading volume, of 21,200 shares, the short-interest ratio is presently 1.4 days.

Calamos Global Total Return Fund Stock Performance

Shares of NASDAQ:CGO traded up $0.11 during midday trading on Wednesday, hitting $12.10. 6,153 shares of the company’s stock traded hands, compared to its average volume of 28,962. The firm’s fifty day moving average price is $11.87 and its two-hundred day moving average price is $11.21. Calamos Global Total Return Fund has a twelve month low of $8.07 and a twelve month high of $12.59.

Calamos Global Total Return Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 15th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.96 annualized dividend and a dividend yield of 7.93%.

Hedge Funds Weigh In On Calamos Global Total Return Fund

Institutional investors have recently added to or reduced their stakes in the company. Brookstone Capital Management grew its position in shares of Calamos Global Total Return Fund by 4.5% during the 3rd quarter. Brookstone Capital Management now owns 20,389 shares of the investment management company’s stock valued at $244,000 after buying an additional 880 shares during the last quarter. Harbour Investments Inc. grew its position in Calamos Global Total Return Fund by 5.4% in the 2nd quarter. Harbour Investments Inc. now owns 58,725 shares of the investment management company’s stock worth $651,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Comerica Bank grew its position in Calamos Global Total Return Fund by 43.6% in the 1st quarter. Comerica Bank now owns 6,585 shares of the investment management company’s stock worth $68,000 after purchasing an additional 2,000 shares during the last quarter.

About Calamos Global Total Return Fund

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.