Short Interest in Calamos Global Total Return Fund (NASDAQ:CGO) Drops By 7.5%

Calamos Global Total Return Fund (NASDAQ:CGO) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 27,100 shares, a decrease of 7.5% from the August 15th total of 29,300 shares. Based on an average daily volume of 28,200 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank grew its stake in shares of 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 valued at $68,000 after purchasing an additional 2,000 shares during the period. Harbour Investments Inc. boosted its stake 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 valued at $651,000 after buying an additional 3,000 shares in the last quarter. Finally, Brookstone Capital Management boosted its stake in Calamos Global Total Return Fund by 18.8% in the 1st quarter. Brookstone Capital Management now owns 19,463 shares of the investment management company’s stock valued at $202,000 after buying an additional 3,086 shares in the last quarter.

Calamos Global Total Return Fund Stock Down 0.1 %

CGO stock traded down $0.01 during trading on Tuesday, reaching $11.35. 30,765 shares of the stock were exchanged, compared to its average volume of 30,520. Calamos Global Total Return Fund has a twelve month low of $7.90 and a twelve month high of $11.93. The stock has a 50 day simple moving average of $11.47 and a 200-day simple moving average of $10.82.

Calamos Global Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, September 13th will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.46%. The ex-dividend date of this dividend is Friday, September 13th.

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.