Calamos Global Total Return Fund (NASDAQ:CGO) Stock Crosses Above 50 Day Moving Average – Here’s Why

Calamos Global Total Return Fund (NASDAQ:CGO) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.18 and traded as high as $13.80. Calamos Global Total Return Fund shares last traded at $13.71, with a volume of 13,504 shares.

Calamos Global Total Return Fund Trading Down 0.4%

The stock’s 50-day simple moving average is $13.22 and its 200 day simple moving average is $12.29.

Calamos Global Total Return Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 12th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 6.9%.

Hedge Funds Weigh In On Calamos Global Total Return Fund

Institutional investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC grew its position in shares of Calamos Global Total Return Fund by 36.5% during the 4th quarter. CoreCap Advisors LLC now owns 5,615 shares of the investment management company’s stock worth $64,000 after buying an additional 1,500 shares during the period. Fifth Third Bancorp bought a new position in Calamos Global Total Return Fund during the first quarter worth $63,000. Cetera Investment Advisers acquired a new stake in Calamos Global Total Return Fund in the fourth quarter worth $115,000. Beacon Pointe Advisors LLC acquired a new stake in Calamos Global Total Return Fund in the fourth quarter worth $117,000. Finally, Retirement Planning Group LLC bought a new stake in Calamos Global Total Return Fund in the fourth quarter valued at $128,000.

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.