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

Calamos Global Total Return Fund (NASDAQ:CGO) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.78 and traded as high as $12.53. Calamos Global Total Return Fund shares last traded at $12.48, with a volume of 53,531 shares.

Calamos Global Total Return Fund Stock Up 0.8%

The company has a fifty day moving average of $11.78 and a 200 day moving average of $11.79.

Calamos Global Total Return Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 23rd. Investors of record on Friday, February 13th will be issued a $0.08 dividend. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a yield of 7.7%.

Hedge Funds Weigh In On Calamos Global Total Return Fund

Several institutional investors have recently added to or reduced their stakes in CGO. NewEdge Advisors LLC lifted its position in shares of Calamos Global Total Return Fund by 6.8% during the 3rd quarter. NewEdge Advisors LLC now owns 17,300 shares of the investment management company’s stock valued at $208,000 after acquiring an additional 1,100 shares during the period. CoreCap Advisors LLC grew its holdings in Calamos Global Total Return Fund by 36.5% during the fourth 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 in the last quarter. Prairie Wealth Advisors Inc. grew its stake in shares of Calamos Global Total Return Fund by 1.9% in the 3rd quarter. Prairie Wealth Advisors Inc. now owns 88,575 shares of the investment management company’s stock worth $1,066,000 after acquiring an additional 1,650 shares in the last quarter. Brookstone Capital Management grew its position in Calamos Global Total Return Fund by 5.8% in the 4th quarter. Brookstone Capital Management now owns 47,583 shares of the investment management company’s stock worth $542,000 after purchasing an additional 2,591 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Calamos Global Total Return Fund by 2.6% in the second quarter. Envestnet Asset Management Inc. now owns 161,024 shares of the investment management company’s stock valued at $1,886,000 after acquiring an additional 4,122 shares in 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.