Calamos Global Total Return Fund (NASDAQ:CGO) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Calamos Global Total Return Fund (NASDAQ:CGO) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.82 and traded as low as $11.19. Calamos Global Total Return Fund shares last traded at $11.37, with a volume of 16,685 shares.

Calamos Global Total Return Fund Stock Up 2.0%

The company has a 50 day simple moving average of $11.98 and a 200-day simple moving average of $11.82.

Calamos Global Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 13th were given a $0.08 dividend. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend was Friday, March 13th.

Hedge Funds Weigh In On Calamos Global Total Return Fund

Large investors have recently bought and sold shares of the company. Osaic Holdings Inc. raised its holdings in shares of Calamos Global Total Return Fund by 64.6% in the second quarter. Osaic Holdings Inc. now owns 16,896 shares of the investment management company’s stock valued at $198,000 after purchasing an additional 6,630 shares during the last quarter. Brookstone Capital Management lifted its position in Calamos Global Total Return Fund by 13.5% during the 3rd quarter. Brookstone Capital Management now owns 44,992 shares of the investment management company’s stock worth $542,000 after buying an additional 5,358 shares in the last quarter. Shaker Financial Services LLC lifted its position in Calamos Global Total Return Fund by 34.6% during 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 in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Calamos Global Total Return Fund during the 3rd quarter worth about $126,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Calamos Global Total Return Fund by 3.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 166,291 shares of the investment management company’s stock worth $2,002,000 after buying an additional 5,267 shares during the last quarter.

Calamos Global Total Return Fund Company Profile

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.