Calamos Global Total Return Fund (NASDAQ:CGO) Stock Passes Above Fifty Day Moving Average – What’s Next?

Shares of Calamos Global Total Return Fund (NASDAQ:CGO) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.50 and traded as high as $11.63. Calamos Global Total Return Fund shares last traded at $11.58, with a volume of 22,073 shares trading hands.

Calamos Global Total Return Fund Stock Performance

The stock has a 50-day simple moving average of $11.50 and a 200 day simple moving average of $11.69.

Calamos Global Total Return Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 9th. Investors of record on Tuesday, December 30th will be issued a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Tuesday, December 30th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CGO. Allworth Financial LP acquired a new stake in shares of Calamos Global Total Return Fund during the 2nd quarter valued at $82,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Calamos Global Total Return Fund during the third quarter worth $126,000. Osaic Holdings Inc. boosted its position in 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 valued at $198,000 after purchasing an additional 6,630 shares during the last quarter. NewEdge Advisors LLC boosted its position in Calamos Global Total Return Fund by 6.8% during the third quarter. NewEdge Advisors LLC now owns 17,300 shares of the investment management company’s stock valued at $208,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Advisors Asset Management Inc. purchased a new position in Calamos Global Total Return Fund in the first quarter valued at about $231,000.

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.