Calamos Global Total Return Fund (NASDAQ:CGO) Short Interest Up 124.3% in April

Calamos Global Total Return Fund (NASDAQ:CGO) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 16,577 shares, a growth of 124.3% from the April 15th total of 7,389 shares. Based on an average daily volume of 23,786 shares, the days-to-cover ratio is presently 0.7 days.

Calamos Global Total Return Fund Price Performance

Shares of NASDAQ:CGO opened at $13.54 on Friday. Calamos Global Total Return Fund has a 1-year low of $10.71 and a 1-year high of $13.81. The business’s 50 day moving average is $12.16 and its 200-day moving average is $11.94.

Calamos Global Total Return Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, May 14th will be given a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Thursday, May 14th.

Hedge Funds Weigh In On Calamos Global Total Return Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp bought a new position in shares of Calamos Global Total Return Fund during the 1st quarter worth approximately $63,000. CoreCap Advisors LLC lifted its position in shares of Calamos Global Total Return Fund by 36.5% during the 4th quarter. CoreCap Advisors LLC now owns 5,615 shares of the investment management company’s stock worth $64,000 after buying an additional 1,500 shares during the period. Cetera Investment Advisers bought a new position in shares of Calamos Global Total Return Fund during the 4th quarter worth approximately $115,000. Beacon Pointe Advisors LLC bought a new position in shares of Calamos Global Total Return Fund during the 4th quarter worth approximately $117,000. Finally, Retirement Planning Group LLC bought a new position in shares of Calamos Global Total Return Fund during the 4th quarter worth approximately $128,000.

Calamos Global Total Return Fund Company Profile

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.