Calamos Global Total Return Fund (NASDAQ:CGO) Stock Passes Below 200-Day Moving Average – Should You Sell?

Calamos Global Total Return Fund (NASDAQ:CGO)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.87 and traded as low as $11.23. Calamos Global Total Return Fund shares last traded at $11.37, with a volume of 55,350 shares.

Calamos Global Total Return Fund Price Performance

The stock has a fifty day moving average price of $12.13 and a two-hundred day moving average price of $11.86.

Calamos Global Total Return Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 13th were issued a $0.08 dividend. This represents a c) dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend was Friday, March 13th.

Institutional Trading of Calamos Global Total Return Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP bought a new position in shares of Calamos Global Total Return Fund in the 2nd quarter worth about $82,000. Advisors Asset Management Inc. raised its stake in Calamos Global Total Return Fund by 355.9% during the second quarter. Advisors Asset Management Inc. now owns 101,748 shares of the investment management company’s stock worth $1,191,000 after acquiring an additional 79,428 shares during the period. Osaic Holdings Inc. raised its stake 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 worth $198,000 after acquiring an additional 6,630 shares during the period. Brookstone Capital Management lifted its holdings in Calamos Global Total Return Fund by 13.5% in the third quarter. Brookstone Capital Management now owns 44,992 shares of the investment management company’s stock worth $542,000 after acquiring an additional 5,358 shares during the last quarter. Finally, Shaker Financial Services LLC lifted its holdings in Calamos Global Total Return Fund by 34.6% in the third quarter. Shaker Financial Services LLC now owns 214,332 shares of the investment management company’s stock worth $2,581,000 after acquiring an additional 55,053 shares during the last quarter.

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.