Calamos Global Dynamic Income Fund (NASDAQ:CHW) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Calamos Global Dynamic Income Fund (NASDAQ:CHW) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.76 and traded as high as $8.61. Calamos Global Dynamic Income Fund shares last traded at $8.61, with a volume of 260,397 shares trading hands.

Calamos Global Dynamic Income Fund Stock Performance

The company’s 50 day moving average price is $7.95 and its 200-day moving average price is $7.76.

Calamos Global Dynamic Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 7.0%.

Institutional Investors Weigh In On Calamos Global Dynamic Income Fund

Several large investors have recently modified their holdings of the company. Advisors Asset Management Inc. increased its position in shares of Calamos Global Dynamic Income Fund by 33.8% during the fourth quarter. Advisors Asset Management Inc. now owns 1,517,250 shares of the investment management company’s stock worth $11,243,000 after buying an additional 383,511 shares during the period. Pathstone Holdings LLC acquired a new stake in shares of Calamos Global Dynamic Income Fund during the third quarter worth $9,968,000. Guggenheim Capital LLC increased its position in shares of Calamos Global Dynamic Income Fund by 8.4% during the fourth quarter. Guggenheim Capital LLC now owns 1,123,843 shares of the investment management company’s stock worth $8,328,000 after buying an additional 86,693 shares during the period. LPL Financial LLC increased its position in shares of Calamos Global Dynamic Income Fund by 2.5% during the fourth quarter. LPL Financial LLC now owns 1,026,645 shares of the investment management company’s stock worth $7,607,000 after buying an additional 25,033 shares during the period. Finally, Private Advisor Group LLC increased its position in shares of Calamos Global Dynamic Income Fund by 3.8% during the first quarter. Private Advisor Group LLC now owns 422,888 shares of the investment management company’s stock worth $3,070,000 after buying an additional 15,518 shares during the period.

Calamos Global Dynamic Income Fund Company Profile

Calamos Global Dynamic Income Fund (NASDAQ: CHW) is a diversified, closed-end management investment company that seeks to provide high current income and capital appreciation. The fund pursues its objectives by investing across a broad range of income-producing securities, with an emphasis on global convertible and high-yield fixed income instruments. By combining traditional and non-traditional income sources, CHW aims to deliver a dynamic income stream that can adapt to varying market conditions.

The fund’s portfolio typically includes convertible bonds, corporate credit, preferred equities, emerging market debt and dividend-paying common stocks.