Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $24.54 and traded as high as $25.80. Calamos Dynamic Convertible and Income Fund shares last traded at $25.62, with a volume of 76,488 shares traded.

Calamos Dynamic Convertible and Income Fund Stock Up 1.6%

The company has a 50-day simple moving average of $24.54 and a two-hundred day simple moving average of $22.92.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 12th will be given a dividend of $0.195 per share. The ex-dividend date is Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 9.1%.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Large investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in Calamos Dynamic Convertible and Income Fund during the 3rd quarter valued at about $35,000. Western Wealth Management LLC acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund in the first quarter valued at approximately $53,000. Triumph Capital Management bought a new stake in shares of Calamos Dynamic Convertible and Income Fund during the third quarter valued at approximately $65,000. Fifth Third Bancorp bought a new stake in shares of Calamos Dynamic Convertible and Income Fund during the first quarter valued at approximately $161,000. Finally, Abel Hall LLC acquired a new position in shares of Calamos Dynamic Convertible and Income Fund during the fourth quarter worth approximately $209,000.

Calamos Dynamic Convertible and Income Fund Company Profile

Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD) is a diversified, closed-end management investment company that seeks total return through a combination of current income and capital appreciation. Listed on the NASDAQ Global Select Market, CCD provides investors access to a portfolio primarily composed of convertible securities, supplemented by fixed-income and equity instruments. By blending the features of bonds and equity, the fund aims to capture upside potential in rising markets while offering downside protection in more volatile conditions.

The fund’s investment strategy emphasizes convertible bonds, convertible preferred stocks, and other hybrid instruments, alongside selective allocations to corporate debt, high-yield securities, common stocks, and derivative overlays.