Calamos Global Total Return Fund (NASDAQ:CGO) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Calamos Global Total Return Fund (NASDAQ:CGO)’s stock price 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 traded.

Calamos Global Total Return Fund Stock Performance

The stock’s 50 day simple moving average is $13.18 and its 200-day simple moving average is $12.28.

Calamos Global Total Return Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 12th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, June 12th. This represents a c) dividend on an annualized basis and a yield of 7.0%.

Institutional Trading of Calamos Global Total Return Fund

A number of institutional investors and hedge funds have recently bought and sold shares of CGO. Fifth Third Bancorp purchased a new stake in Calamos Global Total Return Fund during the first quarter worth about $63,000. CoreCap Advisors LLC increased its stake 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 purchasing an additional 1,500 shares during the period. Cetera Investment Advisers purchased a new stake in Calamos Global Total Return Fund during the fourth quarter worth about $115,000. Beacon Pointe Advisors LLC purchased a new stake in Calamos Global Total Return Fund during the fourth quarter worth about $117,000. Finally, Retirement Planning Group LLC purchased a new stake in Calamos Global Total Return Fund during the fourth quarter worth about $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.