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 share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 has a 50-day moving average price of $13.18 and a 200 day moving average price of $12.28.

Calamos Global Total Return Fund Dividend Announcement

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

Hedge Funds Weigh In On Calamos Global Total Return Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in shares of Calamos Global Total Return Fund by 2.3% during the first quarter. Bank of America Corp DE now owns 38,050 shares of the investment management company’s stock worth $424,000 after buying an additional 847 shares in the last quarter. Retirement Planning Group LLC grew its position in shares of Calamos Global Total Return Fund by 60.6% during the first quarter. Retirement Planning Group LLC now owns 18,083 shares of the investment management company’s stock worth $202,000 after buying an additional 6,820 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Calamos Global Total Return Fund during the first quarter worth about $63,000. Kestra Advisory Services LLC grew its position in shares of Calamos Global Total Return Fund by 33.3% during the first quarter. Kestra Advisory Services LLC now owns 22,652 shares of the investment management company’s stock worth $253,000 after buying an additional 5,655 shares in the last quarter. Finally, PMG Family Office LLC grew its position in shares of Calamos Global Total Return Fund by 5.1% during the first quarter. PMG Family Office LLC now owns 45,698 shares of the investment management company’s stock worth $510,000 after buying an additional 2,230 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.