Calamos Global Total Return Fund (NASDAQ:CGO) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Calamos Global Total Return Fund (NASDAQ:CGO)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $13.10 and traded as high as $13.25. Calamos Global Total Return Fund shares last traded at $13.17, with a volume of 30,666 shares traded.

Calamos Global Total Return Fund Stock Performance

The stock’s fifty day moving average is $13.10 and its 200-day moving average is $12.85.

Calamos Global Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, September 14th will be given a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Monday, September 14th.

Institutional Trading of Calamos Global Total Return Fund

Large investors have recently made changes to their positions in the company. Continuum Advisory LLC acquired a new stake in Calamos Global Total Return Fund during the 2nd quarter worth $57,000. Fifth Third Bancorp acquired a new position in Calamos Global Total Return Fund in the first quarter valued at about $63,000. Cetera Investment Advisers acquired a new position in Calamos Global Total Return Fund in the fourth quarter valued at about $115,000. Beacon Pointe Advisors LLC bought a new stake in shares of Calamos Global Total Return Fund in the fourth quarter worth about $117,000. Finally, Osaic Holdings Inc. raised its position in shares of Calamos Global Total Return Fund by 64.6% during the second quarter. Osaic Holdings Inc. now owns 16,896 shares of the investment management company’s stock worth $198,000 after purchasing an additional 6,630 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.