Calamos Global Total Return Fund (NASDAQ:CGO) Shares Cross Above 50 Day Moving Average – Time to Sell?

Calamos Global Total Return Fund (NASDAQ:CGO) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $12.92 and traded as high as $13.54. Calamos Global Total Return Fund shares last traded at $13.22, with a volume of 38,920 shares.

Calamos Global Total Return Fund Stock Down 2.0%

The company’s fifty day moving average is $12.92 and its two-hundred day moving average is $12.18.

Calamos Global Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 12th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 7.3%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CGO. CoreCap Advisors LLC grew its stake in shares of Calamos Global Total Return Fund by 36.5% during 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. Fifth Third Bancorp bought a new stake in Calamos Global Total Return Fund in the first quarter valued at about $63,000. Cetera Investment Advisers acquired a new position in Calamos Global Total Return Fund in the fourth quarter valued at about $115,000. Beacon Pointe Advisors LLC bought a new position in Calamos Global Total Return Fund during the fourth quarter worth about $117,000. Finally, Retirement Planning Group LLC bought a new position in Calamos Global Total Return Fund during the fourth quarter worth about $128,000.

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.