Calamos Global Total Return Fund (NASDAQ:CGO) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Calamos Global Total Return Fund (NASDAQ:CGO) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $13.22 and traded as high as $13.32. Calamos Global Total Return Fund shares last traded at $12.93, with a volume of 34,933 shares changing hands.

Calamos Global Total Return Fund Stock Performance

The company has a 50 day moving average of $13.21 and a 200-day moving average of $12.79.

Calamos Global Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 14th were issued 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 was Friday, August 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CGO. Osaic Holdings Inc. lifted its holdings in Calamos Global Total Return Fund by 64.6% in the second quarter. Osaic Holdings Inc. now owns 16,896 shares of the investment management company’s stock worth $198,000 after acquiring an additional 6,630 shares during the last quarter. Prairie Wealth Advisors Inc. increased its position in Calamos Global Total Return Fund by 1.9% in the third quarter. Prairie Wealth Advisors Inc. now owns 88,575 shares of the investment management company’s stock worth $1,066,000 after buying an additional 1,650 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Calamos Global Total Return Fund in the third quarter valued at $2,075,000. NewEdge Advisors LLC lifted its stake in Calamos Global Total Return Fund by 6.8% in the third quarter. NewEdge Advisors LLC now owns 17,300 shares of the investment management company’s stock valued at $208,000 after buying an additional 1,100 shares during the last quarter. Finally, Retirement Planning Group LLC acquired a new position in shares of Calamos Global Total Return Fund during 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.