Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Stock Crosses Below 50 Day Moving Average – What’s Next?

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) shares 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 Price Performance

The stock has a fifty day moving average price of $23.39 and a two-hundred day moving average price of $24.10.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.195 per share. The ex-dividend date was Thursday, March 13th. This represents a $2.34 annualized dividend and a yield of 10.82%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in Calamos Dynamic Convertible and Income Fund during the third quarter worth about $30,000. Westside Investment Management Inc. bought a new stake in shares of Calamos Dynamic Convertible and Income Fund in the 4th quarter worth approximately $41,000. ORG Partners LLC acquired a new position in Calamos Dynamic Convertible and Income Fund during the 4th quarter valued at approximately $46,000. Eastern Bank acquired a new stake in Calamos Dynamic Convertible and Income Fund in the fourth quarter worth $47,000. Finally, GWN Securities Inc. bought a new stake in Calamos Dynamic Convertible and Income Fund in the fourth quarter valued at $208,000.

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.