Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $23.88 and traded as low as $21.59. Calamos Dynamic Convertible and Income Fund shares last traded at $21.77, with a volume of 39,804 shares.

Calamos Dynamic Convertible and Income Fund Stock Up 0.5 %

The company’s fifty day simple moving average is $23.88 and its 200 day simple moving average is $24.24.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 13th will be issued a $0.195 dividend. The ex-dividend date is Thursday, March 13th. This represents a $2.34 annualized dividend and a yield of 10.75%.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. increased its stake in shares of Calamos Dynamic Convertible and Income Fund by 2.7% during the fourth quarter. D.A. Davidson & CO. now owns 569,456 shares of the company’s stock valued at $13,841,000 after purchasing an additional 15,089 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Calamos Dynamic Convertible and Income Fund by 4.6% during the fourth quarter. Guggenheim Capital LLC now owns 340,300 shares of the company’s stock valued at $8,273,000 after purchasing an additional 14,877 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Calamos Dynamic Convertible and Income Fund by 3.7% during the fourth quarter. Bank of America Corp DE now owns 283,527 shares of the company’s stock valued at $6,891,000 after purchasing an additional 10,108 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Calamos Dynamic Convertible and Income Fund during the fourth quarter valued at approximately $2,634,000. Finally, CoreCap Advisors LLC increased its stake in shares of Calamos Dynamic Convertible and Income Fund by 11.6% during the fourth quarter. CoreCap Advisors LLC now owns 67,845 shares of the company’s stock valued at $1,649,000 after purchasing an additional 7,032 shares in the last quarter.

About Calamos Dynamic Convertible and Income Fund

Calamos Dynamic Convertible and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a portfolio of convertible securities, investment grade and below investment grade bonds, loans, equity-linked notes, and floating rate securities.