Short Interest in Calamos Global Total Return Fund (NASDAQ:CGO) Decreases By 28.9%

Calamos Global Total Return Fund (NASDAQ:CGO) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 2,700 shares, a drop of 28.9% from the February 13th total of 3,800 shares. Based on an average trading volume of 26,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Calamos Global Total Return Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Shaker Financial Services LLC purchased a new stake in Calamos Global Total Return Fund in the fourth quarter worth $1,296,000. Guggenheim Capital LLC grew its stake in Calamos Global Total Return Fund by 30.0% in the fourth quarter. Guggenheim Capital LLC now owns 250,659 shares of the investment management company’s stock worth $2,847,000 after purchasing an additional 57,917 shares during the period. Raymond James Financial Inc. purchased a new stake in Calamos Global Total Return Fund in the fourth quarter worth $298,000. Invesco Ltd. grew its stake in Calamos Global Total Return Fund by 2.4% in the fourth quarter. Invesco Ltd. now owns 88,223 shares of the investment management company’s stock worth $1,005,000 after purchasing an additional 2,085 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Calamos Global Total Return Fund by 13.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 157,136 shares of the investment management company’s stock worth $1,790,000 after acquiring an additional 18,069 shares during the last quarter.

Calamos Global Total Return Fund Stock Performance

Shares of NASDAQ CGO traded up $0.09 during trading hours on Friday, reaching $10.48. 38,171 shares of the stock traded hands, compared to its average volume of 26,747. Calamos Global Total Return Fund has a 52-week low of $9.57 and a 52-week high of $12.59. The company’s 50-day simple moving average is $11.24 and its two-hundred day simple moving average is $11.62.

Calamos Global Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 13th will be paid a $0.08 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.96 annualized dividend and a yield of 9.16%.

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.