Calamos Global Total Return Fund (NASDAQ:CGO) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Calamos Global Total Return Fund (NASDAQ:CGO) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.50 and traded as high as $11.63. Calamos Global Total Return Fund shares last traded at $11.58, with a volume of 22,073 shares changing hands.

Calamos Global Total Return Fund Price Performance

The business’s 50-day moving average is $11.50 and its two-hundred day moving average is $11.69.

Calamos Global Total Return Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 9th. Stockholders of record on Tuesday, December 30th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, December 30th. This represents a c) annualized dividend and a dividend yield of 8.3%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Allworth Financial LP bought a new stake in shares of Calamos Global Total Return Fund during the 2nd quarter worth approximately $82,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Calamos Global Total Return Fund during the third quarter worth $126,000. Osaic Holdings Inc. raised its position in Calamos Global Total Return Fund by 64.6% during the second quarter. Osaic Holdings Inc. now owns 16,896 shares of the investment management company’s stock worth $198,000 after acquiring an additional 6,630 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Calamos Global Total Return Fund by 6.8% in the third quarter. NewEdge Advisors LLC now owns 17,300 shares of the investment management company’s stock valued at $208,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new position in shares of Calamos Global Total Return Fund in the 1st quarter valued at about $231,000.

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.