Short Interest in Calamos Global Total Return Fund (NASDAQ:CGO) Drops By 92.9%


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Calamos Global Total Return Fund (NASDAQ:CGO) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 400 shares, a drop of 92.9% from the March 15th total of 5,600 shares. Based on an average daily trading volume, of 33,600 shares, the days-to-cover ratio is currently 0.0 days.

Hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley grew its stake in shares of Calamos Global Total Return Fund by 3.1% during the 3rd quarter. Morgan Stanley now owns 206,586 shares of the investment management company’s stock valued at $2,450,000 after buying an additional 6,142 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Calamos Global Total Return Fund during the 4th quarter valued at $191,000. Nottingham Advisors Inc. acquired a new position in Calamos Global Total Return Fund in the 4th quarter worth $227,000. Finally, Laidlaw Wealth Management LLC acquired a new position in Calamos Global Total Return Fund in the 4th quarter worth $300,000.

CGO stock opened at $15.99 on Wednesday. The firm has a 50 day moving average of $15.45 and a 200-day moving average of $14.40. Calamos Global Total Return Fund has a 12-month low of $9.04 and a 12-month high of $16.27.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 20th. Stockholders of record on Wednesday, April 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.50%.

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.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

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