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

Calamos Global Total Return Fund (NASDAQ:CGO) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 8,194 shares, an increase of 311.6% from the January 15th total of 1,991 shares. Based on an average daily volume of 26,494 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 26,494 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Retirement Planning Group LLC purchased a new stake in Calamos Global Total Return Fund in the 4th quarter valued at approximately $128,000. Brookstone Capital Management lifted its position in shares of Calamos Global Total Return Fund by 5.8% in the fourth quarter. Brookstone Capital Management now owns 47,583 shares of the investment management company’s stock valued at $542,000 after acquiring an additional 2,591 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of Calamos Global Total Return Fund by 36.5% during the fourth quarter. CoreCap Advisors LLC now owns 5,615 shares of the investment management company’s stock valued at $64,000 after acquiring an additional 1,500 shares during the last quarter. PMG Family Office LLC purchased a new stake in Calamos Global Total Return Fund during the 3rd quarter worth about $538,000. Finally, NewEdge Advisors LLC raised its stake in Calamos Global Total Return Fund by 6.8% in the 3rd quarter. NewEdge Advisors LLC now owns 17,300 shares of the investment management company’s stock valued at $208,000 after purchasing an additional 1,100 shares during the last quarter.

Calamos Global Total Return Fund Stock Down 0.2%

NASDAQ:CGO opened at $12.47 on Friday. Calamos Global Total Return Fund has a 52-week low of $8.71 and a 52-week high of $12.55. The stock has a fifty day simple moving average of $11.83 and a 200-day simple moving average of $11.80.

Calamos Global Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Friday, February 13th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

About Calamos Global Total Return Fund

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.