Calamos Global Total Return Fund (NASDAQ:CGO) Short Interest Up 224.4% in July

Calamos Global Total Return Fund (NASDAQ:CGO) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 7,685 shares, a growth of 224.4% from the June 30th total of 2,369 shares. Based on an average daily volume of 36,914 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Calamos Global Total Return Fund

Hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new position in Calamos Global Total Return Fund during the 3rd quarter valued at $2,075,000. Guggenheim Capital LLC grew its position in Calamos Global Total Return Fund by 1.7% in the 4th quarter. Guggenheim Capital LLC now owns 172,012 shares of the investment management company’s stock worth $1,959,000 after purchasing an additional 2,902 shares during the last quarter. Prairie Wealth Advisors Inc. increased its holdings in shares of Calamos Global Total Return Fund by 1.9% during the 3rd quarter. Prairie Wealth Advisors Inc. now owns 88,575 shares of the investment management company’s stock worth $1,066,000 after purchasing an additional 1,650 shares during the period. Cohen & Steers Inc. increased its holdings in shares of Calamos Global Total Return Fund by 90.4% during the 4th quarter. Cohen & Steers Inc. now owns 57,277 shares of the investment management company’s stock worth $652,000 after purchasing an additional 27,190 shares during the period. Finally, Brookstone Capital Management raised its position in shares of Calamos Global Total Return Fund by 2.5% during the first quarter. Brookstone Capital Management now owns 48,760 shares of the investment management company’s stock valued at $544,000 after buying an additional 1,177 shares during the last quarter.

Calamos Global Total Return Fund Price Performance

Shares of NASDAQ CGO traded down $0.15 during trading hours on Tuesday, hitting $12.45. 17,945 shares of the company’s stock were exchanged, compared to its average volume of 29,863. Calamos Global Total Return Fund has a 1-year low of $10.71 and a 1-year high of $14.20. The company’s 50-day moving average price is $13.46 and its 200-day moving average price is $12.66.

Calamos Global Total Return Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 14th were issued a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. This is a boost from Calamos Global Total Return Fund’s previous monthly dividend of $0.08. The ex-dividend date was Tuesday, July 14th.

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.