Calamos Global Total Return Fund (NASDAQ:CGO) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Calamos Global Total Return Fund (NASDAQ:CGOGet Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $13.54 and traded as low as $13.31. Calamos Global Total Return Fund shares last traded at $13.47, with a volume of 25,998 shares traded.

Calamos Global Total Return Fund Price Performance

The firm has a 50-day moving average price of $13.54 and a two-hundred day moving average price of $12.53.

Calamos Global Total Return Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 14th will be issued a $0.09 dividend. This is a boost from Calamos Global Total Return Fund’s previous monthly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. CoreCap Advisors LLC lifted its stake in shares of Calamos Global Total Return Fund by 36.5% in the fourth quarter. CoreCap Advisors LLC now owns 5,615 shares of the investment management company’s stock valued at $64,000 after buying an additional 1,500 shares during the period. Fifth Third Bancorp bought a new position in Calamos Global Total Return Fund during the first quarter valued at about $63,000. Cetera Investment Advisers acquired a new position in Calamos Global Total Return Fund in the 4th quarter valued at approximately $115,000. Beacon Pointe Advisors LLC acquired a new position in Calamos Global Total Return Fund in the 4th quarter valued at approximately $117,000. Finally, Retirement Planning Group LLC bought a new stake in shares of Calamos Global Total Return Fund in the 4th quarter worth approximately $128,000.

Calamos Global Total Return Fund Company Profile

(Get Free Report)

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.

Further Reading

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