Calamos Strategic Total Return Fund (NASDAQ:CSQ) Stock Breaks Below Two Hundred Day Moving Average – Should You Sell?

Calamos Strategic Total Return Fund (NASDAQ:CSQ) shares passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $19.77 and traded as low as $19.38. Calamos Strategic Total Return Fund shares last traded at $19.57, with a volume of 277,502 shares trading hands.

Calamos Strategic Total Return Fund Stock Down 2.3%

The firm has a fifty day moving average price of $20.49 and a two-hundred day moving average price of $19.77.

Calamos Strategic Total Return Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Wednesday, October 14th were issued a $0.1350 dividend. The ex-dividend date was Wednesday, October 14th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 8.3%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. SMH Capital Advisors Inc. bought a new stake in shares of Calamos Strategic Total Return Fund during the third quarter valued at approximately $319,000. International Assets Investment Management LLC boosted its holdings in shares of Calamos Strategic Total Return Fund by 231.9% in the third quarter. International Assets Investment Management LLC now owns 50,000 shares of the investment management company’s stock valued at $1,020,000 after purchasing an additional 34,934 shares during the period. Founders Financial Securities LLC grew its stake in Calamos Strategic Total Return Fund by 1.7% in the third quarter. Founders Financial Securities LLC now owns 122,635 shares of the investment management company’s stock worth $2,501,000 after purchasing an additional 2,085 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Calamos Strategic Total Return Fund by 5.7% during the 3rd quarter. D.A. Davidson & CO. now owns 30,958 shares of the investment management company’s stock worth $631,000 after purchasing an additional 1,657 shares during the period. Finally, Foresight Capital Management Advisors Inc. purchased a new position in Calamos Strategic Total Return Fund during the 3rd quarter worth $92,000.

About Calamos Strategic Total Return Fund

Calamos Strategic Total Return Fund is a closed-end investment company listed on Nasdaq under the symbol CSQ. The fund seeks to provide total return through a combination of current income and capital appreciation.

The fund invests in a diversified portfolio that may include convertible securities, high-yield corporate bonds and common stocks. Its portfolio can include securities issued by companies in the United States and other countries, giving it exposure to multiple industries and geographic markets.

Calamos Strategic Total Return Fund is managed by Calamos Advisors LLC, an investment-management firm founded by John P.