Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $25.18 and traded as low as $24.85. Calamos Dynamic Convertible and Income Fund shares last traded at $24.98, with a volume of 68,651 shares.

Calamos Dynamic Convertible and Income Fund Stock Down 1.1%

The business has a 50 day moving average of $25.18 and a two-hundred day moving average of $23.66.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 14th were issued a $0.195 dividend. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date was Tuesday, July 14th.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

A number of hedge funds have recently modified their holdings of CCD. Kestra Advisory Services LLC grew its stake in Calamos Dynamic Convertible and Income Fund by 25.9% in the 1st quarter. Kestra Advisory Services LLC now owns 32,209 shares of the company’s stock valued at $688,000 after buying an additional 6,635 shares during the last quarter. World Equity Group Inc. lifted its position in Calamos Dynamic Convertible and Income Fund by 106.7% during the first quarter. World Equity Group Inc. now owns 46,266 shares of the company’s stock worth $988,000 after acquiring an additional 23,882 shares during the last quarter. D.A. Davidson & CO. lifted its position in Calamos Dynamic Convertible and Income Fund by 3.9% during the first quarter. D.A. Davidson & CO. now owns 622,462 shares of the company’s stock worth $13,290,000 after acquiring an additional 23,349 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Calamos Dynamic Convertible and Income Fund by 8.9% during the first quarter. Private Advisor Group LLC now owns 27,395 shares of the company’s stock worth $585,000 after acquiring an additional 2,248 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of Calamos Dynamic Convertible and Income Fund by 4.7% during the first quarter. International Assets Investment Management LLC now owns 14,017 shares of the company’s stock worth $310,000 after acquiring an additional 635 shares during the period.

About Calamos Dynamic Convertible and Income Fund

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.