Calamos Global Total Return Fund (NASDAQ:CGO) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Calamos Global Total Return Fund (NASDAQ:CGO) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.47 and traded as high as $11.92. Calamos Global Total Return Fund shares last traded at $11.83, with a volume of 13,368 shares traded.

Calamos Global Total Return Fund Stock Performance

The company has a 50-day moving average of $11.47 and a 200 day moving average of $11.72.

Calamos Global Total Return Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, January 9th. Investors of record on Tuesday, December 30th were given a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date was Tuesday, December 30th.

Institutional Investors Weigh In On Calamos Global Total Return Fund

Several hedge funds have recently bought and sold shares of CGO. Shaker Financial Services LLC increased its holdings in shares of Calamos Global Total Return Fund by 34.6% in the 3rd quarter. Shaker Financial Services LLC now owns 214,332 shares of the investment management company’s stock worth $2,581,000 after buying an additional 55,053 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Calamos Global Total Return Fund in the third quarter valued at $2,075,000. Envestnet Asset Management Inc. raised its position in Calamos Global Total Return Fund by 3.3% during the third quarter. Envestnet Asset Management Inc. now owns 166,291 shares of the investment management company’s stock valued at $2,002,000 after purchasing an additional 5,267 shares in the last quarter. Advisors Asset Management Inc. raised its position in Calamos Global Total Return Fund by 9.6% during the third quarter. Advisors Asset Management Inc. now owns 111,477 shares of the investment management company’s stock valued at $1,342,000 after purchasing an additional 9,729 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its stake in Calamos Global Total Return Fund by 36.4% during the second quarter. Wolverine Asset Management LLC now owns 91,189 shares of the investment management company’s stock worth $1,068,000 after purchasing an additional 24,337 shares during the last quarter.

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.