Calamos Global Total Return Fund (NASDAQ:CGO) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Calamos Global Total Return Fund (NASDAQ:CGO) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.85 and traded as low as $12.52. Calamos Global Total Return Fund shares last traded at $12.68, with a volume of 17,598 shares trading hands.

Calamos Global Total Return Fund Price Performance

The company’s 50 day moving average is $13.00 and its two-hundred day moving average is $12.85.

Calamos Global Total Return Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 21st. Shareholders of record on Monday, September 14th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) annualized dividend and a yield of 8.4%.

Institutional Trading of Calamos Global Total Return Fund

Hedge funds have recently modified their holdings of the company. Advisory Solutions Group LLC bought a new stake in shares of Calamos Global Total Return Fund during the second quarter valued at approximately $716,000. Brookstone Capital Management lifted its position in Calamos Global Total Return Fund by 2.5% in the first quarter. Brookstone Capital Management now owns 48,760 shares of the investment management company’s stock worth $544,000 after purchasing an additional 1,177 shares during the period. PMG Family Office LLC boosted its stake in 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. Bank of America Corp DE boosted its stake in 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. Finally, Kestra Advisory Services LLC increased its holdings in Calamos Global Total Return Fund by 33.3% in the 1st quarter. Kestra Advisory Services LLC now owns 22,652 shares of the investment management company’s stock valued at $253,000 after buying an additional 5,655 shares during the period.

Calamos Global Total Return Fund Company Profile

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.