Calamos Global Total Return Fund (NASDAQ:CGO) Shares Pass Below 50 Day Moving Average – Here’s Why

Shares of Calamos Global Total Return Fund (NASDAQ:CGO) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.96 and traded as low as $11.90. Calamos Global Total Return Fund shares last traded at $11.94, with a volume of 25,916 shares changing hands.

Calamos Global Total Return Fund Trading Down 0.7%

The stock’s fifty day moving average price is $11.96 and its 200 day moving average price is $11.33.

Calamos Global Total Return Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Wednesday, October 15th.

Hedge Funds Weigh In On Calamos Global Total Return Fund

A number of hedge funds have recently bought and sold shares of the company. Brookstone Capital Management boosted its stake in Calamos Global Total Return Fund by 13.5% in the 3rd quarter. Brookstone Capital Management now owns 44,992 shares of the investment management company’s stock worth $542,000 after purchasing an additional 5,358 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Calamos Global Total Return Fund by 64.6% in the 2nd quarter. Osaic Holdings Inc. now owns 16,896 shares of the investment management company’s stock worth $198,000 after purchasing an additional 6,630 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Calamos Global Total Return Fund by 355.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 101,748 shares of the investment management company’s stock worth $1,191,000 after purchasing an additional 79,428 shares in the last quarter. Allworth Financial LP bought a new position in Calamos Global Total Return Fund in the 2nd quarter worth about $82,000. Finally, Wolverine Asset Management LLC boosted its stake in Calamos Global Total Return Fund by 36.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 91,189 shares of the investment management company’s stock worth $1,068,000 after purchasing an additional 24,337 shares in the last quarter.

About Calamos Global Total Return Fund

Calamos Global Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors.