Calamos Global Dynamic Income Fund (NASDAQ:CHW) Stock Passes Above 200 Day Moving Average – What’s Next?

Calamos Global Dynamic Income Fund (NASDAQ:CHW) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.96 and traded as high as $8.98. Calamos Global Dynamic Income Fund shares last traded at $8.78, with a volume of 236,529 shares trading hands.

Calamos Global Dynamic Income Fund Price Performance

The firm has a 50-day moving average price of $8.53 and a 200 day moving average price of $7.97.

Calamos Global Dynamic Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 12th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, June 12th. This represents a c) annualized dividend and a yield of 6.7%.

Hedge Funds Weigh In On Calamos Global Dynamic Income Fund

Hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its position in shares of Calamos Global Dynamic Income Fund by 23.5% during the 3rd quarter. Parallel Advisors LLC now owns 7,196 shares of the investment management company’s stock valued at $54,000 after buying an additional 1,371 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new position in Calamos Global Dynamic Income Fund in the fourth quarter worth about $74,000. Capital Financial Group Inc. Co. ADV bought a new position in Calamos Global Dynamic Income Fund in the first quarter worth about $76,000. Retirement Planning Group LLC acquired a new position in Calamos Global Dynamic Income Fund in the first quarter valued at approximately $111,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Calamos Global Dynamic Income Fund in the second quarter valued at approximately $145,000.

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.