Short Interest in Calamos Global Total Return Fund (NASDAQ:CGO) Expands By 211.4%

Calamos Global Total Return Fund (NASDAQ:CGO) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 6,284 shares, a growth of 211.4% from the February 26th total of 2,018 shares. Based on an average daily trading volume, of 38,590 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 38,590 shares, the days-to-cover ratio is presently 0.2 days.

Calamos Global Total Return Fund Trading Down 0.2%

Shares of NASDAQ CGO opened at $11.18 on Wednesday. Calamos Global Total Return Fund has a 12-month low of $8.71 and a 12-month high of $12.79. The firm’s 50-day simple moving average is $12.09 and its 200 day simple moving average is $11.86.

Calamos Global Total Return Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 13th were given a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date was Friday, March 13th.

Institutional Trading of Calamos Global Total Return Fund

A number of hedge funds and other institutional investors have recently modified their holdings of CGO. CoreCap Advisors LLC raised its position in Calamos Global Total Return Fund by 36.5% in the 4th quarter. CoreCap Advisors LLC now owns 5,615 shares of the investment management company’s stock worth $64,000 after purchasing an additional 1,500 shares during the last quarter. Cetera Investment Advisers bought a new position in Calamos Global Total Return Fund in the 4th quarter valued at $115,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Calamos Global Total Return Fund in the 4th quarter valued at $117,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Calamos Global Total Return Fund in the 3rd quarter valued at $126,000. Finally, Retirement Planning Group LLC bought a new stake in shares of Calamos Global Total Return Fund during the fourth quarter worth $128,000.

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.