Calamos Global Total Return Fund (NASDAQ:CGO) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

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

Calamos Global Total Return Fund Trading Up 1.6%

The firm has a fifty day simple moving average of $13.54 and a 200 day simple moving average of $12.53.

Calamos Global Total Return Fund Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp bought a new stake in Calamos Global Total Return Fund during the first quarter valued at about $63,000. CoreCap Advisors LLC increased its stake in shares of Calamos Global Total Return Fund by 36.5% in 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 acquired a new position in shares of Calamos Global Total Return Fund during the 4th quarter worth about $115,000. Beacon Pointe Advisors LLC acquired a new position in shares of Calamos Global Total Return Fund during the 4th quarter worth about $117,000. Finally, Retirement Planning Group LLC bought a new stake in Calamos Global Total Return Fund during the 4th quarter valued at approximately $128,000.

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.