Calamos Global Total Return Fund (NASDAQ:CGO) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Calamos Global Total Return Fund (NASDAQ:CGO) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.52 and traded as high as $11.63. Calamos Global Total Return Fund shares last traded at $11.56, with a volume of 22,411 shares.

Calamos Global Total Return Fund Stock Performance

The business has a fifty day simple moving average of $11.50 and a 200 day simple moving average of $11.66.

Calamos Global Total Return Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 8.23%. The ex-dividend date of this dividend is Thursday, February 13th.

Institutional Trading of Calamos Global Total Return Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC increased its holdings in Calamos Global Total Return Fund by 30.0% during the 4th quarter. Guggenheim Capital LLC now owns 250,659 shares of the investment management company’s stock worth $2,847,000 after purchasing an additional 57,917 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Calamos Global Total Return Fund by 1.9% in the 4th quarter. LPL Financial LLC now owns 227,247 shares of the investment management company’s stock worth $2,588,000 after buying an additional 4,205 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of Calamos Global Total Return Fund by 10.6% in the 4th quarter. Principal Securities Inc. now owns 176,395 shares of the investment management company’s stock worth $2,009,000 after buying an additional 16,928 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Calamos Global Total Return Fund by 13.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 157,136 shares of the investment management company’s stock worth $1,790,000 after buying an additional 18,069 shares during the last quarter. Finally, Shaker Financial Services LLC purchased a new position in shares of Calamos Global Total Return Fund in the 4th quarter worth approximately $1,296,000.

About Calamos Global Total Return Fund

Calamos Global Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors.