Short Interest in Calamos Global Total Return Fund (NASDAQ:CGO) Drops By 48.1%

Calamos Global Total Return Fund (NASDAQ:CGO) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 1,400 shares, a decrease of 48.1% from the February 28th total of 2,700 shares. Based on an average daily volume of 26,900 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CGO. Prairie Wealth Advisors Inc. lifted its holdings in shares of Calamos Global Total Return Fund by 9.4% during the 4th quarter. Prairie Wealth Advisors Inc. now owns 78,175 shares of the investment management company’s stock valued at $897,000 after purchasing an additional 6,700 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Calamos Global Total Return Fund in the fourth quarter valued at approximately $38,000. Principal Securities Inc. boosted its holdings in shares of Calamos Global Total Return Fund by 10.6% in the fourth quarter. Principal Securities Inc. now owns 176,395 shares of the investment management company’s stock valued at $2,009,000 after buying an additional 16,928 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Calamos Global Total Return Fund during the fourth quarter worth $298,000. Finally, LPL Financial LLC lifted its position in Calamos Global Total Return Fund by 1.9% in the 4th quarter. LPL Financial LLC now owns 227,247 shares of the investment management company’s stock valued at $2,588,000 after acquiring an additional 4,205 shares in the last quarter.

Calamos Global Total Return Fund Trading Down 2.6 %

CGO traded down $0.28 during mid-day trading on Friday, hitting $10.35. The stock had a trading volume of 16,918 shares, compared to its average volume of 26,275. The stock’s fifty day simple moving average is $11.11 and its 200-day simple moving average is $11.55. Calamos Global Total Return Fund has a 1-year low of $9.57 and a 1-year high of $12.59.

Calamos Global Total Return Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 13th were paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 9.28%. The ex-dividend date was Thursday, March 13th.

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.