Calamos Global Total Return Fund (NASDAQ:CGO) Stock Passes 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 $11.78 and traded as high as $12.53. Calamos Global Total Return Fund shares last traded at $12.48, with a volume of 53,531 shares.

Calamos Global Total Return Fund Trading Up 0.8%

The stock’s 50-day moving average is $11.78 and its 200-day moving average is $11.79.

Calamos Global Total Return Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 23rd. Stockholders of record on Friday, February 13th will be paid a $0.08 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Friday, February 13th.

Hedge Funds Weigh In On Calamos Global Total Return Fund

A number of institutional investors and hedge funds have recently bought and sold shares of CGO. Retirement Planning Group LLC bought a new stake in shares of Calamos Global Total Return Fund during the fourth quarter worth about $128,000. Brookstone Capital Management grew its stake in shares of Calamos Global Total Return Fund by 5.8% in the fourth quarter. Brookstone Capital Management now owns 47,583 shares of the investment management company’s stock worth $542,000 after purchasing an additional 2,591 shares during the last quarter. CoreCap Advisors LLC increased its holdings in 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 purchasing an additional 1,500 shares during the period. PMG Family Office LLC bought a new position in Calamos Global Total Return Fund during the 3rd quarter worth $538,000. Finally, NewEdge Advisors LLC lifted its holdings in Calamos Global Total Return Fund by 6.8% during the 3rd quarter. NewEdge Advisors LLC now owns 17,300 shares of the investment management company’s stock worth $208,000 after buying an additional 1,100 shares during the period.

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.