Calamos Global Total Return Fund (NASDAQ:CGO) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Calamos Global Total Return Fund (NASDAQ:CGO)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 Price Performance

The firm’s fifty day moving average price is $11.97 and its 200 day moving average price is $11.82.

Calamos Global Total Return Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 13th were issued a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend was Friday, March 13th.

Institutional Trading of Calamos Global Total Return Fund

A number of hedge funds have recently bought and sold shares of CGO. CoreCap Advisors LLC increased its holdings in shares of Calamos Global Total Return Fund by 36.5% in the 4th quarter. CoreCap Advisors LLC now owns 5,615 shares of the investment management company’s stock valued at $64,000 after acquiring an additional 1,500 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Calamos Global Total Return Fund during the 4th quarter worth $115,000. Beacon Pointe Advisors LLC bought a new stake in Calamos Global Total Return Fund during the fourth quarter valued at about $117,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Calamos Global Total Return Fund during the third quarter valued at about $126,000. Finally, Retirement Planning Group LLC purchased a new position in Calamos Global Total Return Fund in the fourth quarter valued at about $128,000.

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.