Calamos Global Total Return Fund (NASDAQ:CGO) Short Interest Down 22.3% in June

Calamos Global Total Return Fund (NASDAQ:CGO) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 8,700 shares, a decline of 22.3% from the May 31st total of 11,200 shares. Based on an average daily volume of 32,100 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Comerica Bank grew its position in shares of Calamos Global Total Return Fund by 43.6% in the 1st quarter. Comerica Bank now owns 6,585 shares of the investment management company’s stock worth $68,000 after acquiring an additional 2,000 shares in the last quarter. Brookstone Capital Management boosted its position in Calamos Global Total Return Fund by 18.8% during the 1st quarter. Brookstone Capital Management now owns 19,463 shares of the investment management company’s stock valued at $202,000 after purchasing an additional 3,086 shares during the period. Principal Securities Inc. acquired a new position in Calamos Global Total Return Fund during the 4th quarter valued at approximately $1,639,000. Shaker Financial Services LLC boosted its position in Calamos Global Total Return Fund by 24.6% during the 4th quarter. Shaker Financial Services LLC now owns 80,650 shares of the investment management company’s stock valued at $739,000 after purchasing an additional 15,924 shares during the period. Finally, Wolverine Asset Management LLC boosted its position in Calamos Global Total Return Fund by 5,022.3% during the 4th quarter. Wolverine Asset Management LLC now owns 60,494 shares of the investment management company’s stock valued at $549,000 after purchasing an additional 59,313 shares during the period.

Calamos Global Total Return Fund Price Performance

Shares of CGO traded up $0.03 during mid-day trading on Monday, hitting $11.11. The stock had a trading volume of 11,282 shares, compared to its average volume of 32,816. The company’s fifty day simple moving average is $10.57 and its two-hundred day simple moving average is $10.00. Calamos Global Total Return Fund has a fifty-two week low of $7.90 and a fifty-two week high of $11.18.

Calamos Global Total Return Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, June 14th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.96 annualized dividend and a dividend yield of 8.64%.

Calamos Global Total Return Fund Company Profile

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.