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

Shares of Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $23.46 and traded as low as $21.89. Calamos Dynamic Convertible and Income Fund shares last traded at $22.02, with a volume of 39,923 shares.

Calamos Dynamic Convertible and Income Fund Trading Down 0.8 %

The firm’s fifty day moving average price is $23.46 and its two-hundred day moving average price is $24.13.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.195 per share. The ex-dividend date was Thursday, March 13th. This represents a $2.34 annualized dividend and a dividend yield of 10.63%.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Several large investors have recently modified their holdings of CCD. D.A. Davidson & CO. grew its stake in shares of Calamos Dynamic Convertible and Income Fund by 1.2% during the 3rd quarter. D.A. Davidson & CO. now owns 554,367 shares of the company’s stock valued at $14,081,000 after purchasing an additional 6,514 shares during the period. Stifel Financial Corp increased its holdings in Calamos Dynamic Convertible and Income Fund by 3.3% during the third quarter. Stifel Financial Corp now owns 18,632 shares of the company’s stock valued at $473,000 after buying an additional 595 shares during the last quarter. Arete Wealth Advisors LLC raised its position in Calamos Dynamic Convertible and Income Fund by 2.5% in the third quarter. Arete Wealth Advisors LLC now owns 32,485 shares of the company’s stock worth $824,000 after acquiring an additional 778 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Calamos Dynamic Convertible and Income Fund during the 3rd quarter worth $30,000. Finally, ORG Partners LLC bought a new stake in shares of Calamos Dynamic Convertible and Income Fund during the 4th quarter valued at $46,000.

Calamos Dynamic Convertible and Income Fund Company Profile

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.