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

Calamos Global Total Return Fund (NASDAQ:CGO) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 4,600 shares, a drop of 65.2% from the December 31st total of 13,200 shares. Based on an average trading volume of 23,800 shares, the days-to-cover ratio is currently 0.2 days.

Calamos Global Total Return Fund Trading Down 0.3 %

Shares of Calamos Global Total Return Fund stock traded down $0.03 during trading hours on Tuesday, hitting $11.30. 26,813 shares of the company’s stock traded hands, compared to its average volume of 28,799. Calamos Global Total Return Fund has a 12-month low of $9.18 and a 12-month high of $12.59. The company has a fifty day simple moving average of $11.59 and a 200-day simple moving average of $11.66.

Calamos Global Total Return Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were given a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 8.50%. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CGO. Golden State Wealth Management LLC bought a new position in shares of Calamos Global Total Return Fund during the 4th quarter worth $38,000. Prairie Wealth Advisors Inc. boosted its position in Calamos Global Total Return Fund by 9.4% during the fourth quarter. Prairie Wealth Advisors Inc. now owns 78,175 shares of the investment management company’s stock worth $897,000 after purchasing an additional 6,700 shares during the period. Finally, Brookstone Capital Management increased its stake in shares of Calamos Global Total Return Fund by 4.5% in the third quarter. Brookstone Capital Management now owns 20,389 shares of the investment management company’s stock worth $244,000 after purchasing an additional 880 shares in 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.