Calamos Global Total Return Fund (NASDAQ:CGO) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Calamos Global Total Return Fund (NASDAQ:CGO)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $13.54 and traded as low as $13.31. Calamos Global Total Return Fund shares last traded at $13.47, with a volume of 25,998 shares changing hands.

Calamos Global Total Return Fund Price Performance

The stock’s 50-day moving average is $13.56 and its two-hundred day moving average is $12.54.

Calamos Global Total Return Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 14th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. This is an increase from Calamos Global Total Return Fund’s previous monthly dividend of $0.08.

Hedge Funds Weigh In On Calamos Global Total Return Fund

A number of large investors have recently bought and sold shares of the business. Fifth Third Bancorp purchased a new stake in Calamos Global Total Return Fund in the first quarter worth $63,000. CoreCap Advisors LLC boosted its stake in shares of 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 valued at $64,000 after purchasing an additional 1,500 shares during the period. Cetera Investment Advisers bought a new position in shares of Calamos Global Total Return Fund in the fourth quarter worth about $115,000. Beacon Pointe Advisors LLC bought a new position in shares of Calamos Global Total Return Fund in the fourth quarter worth about $117,000. Finally, Retirement Planning Group LLC purchased a new position in Calamos Global Total Return Fund in the 4th 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.