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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $25.20 and traded as low as $23.88. Calamos Dynamic Convertible and Income Fund shares last traded at $24.01, with a volume of 47,126 shares trading hands.

Calamos Dynamic Convertible and Income Fund Stock Performance

The firm’s 50-day simple moving average is $25.17 and its 200 day simple moving average is $24.27.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, September 14th will be issued a dividend of $0.195 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%.

Insider Buying and Selling at Calamos Dynamic Convertible and Income Fund

In other Calamos Dynamic Convertible and Income Fund news, major shareholder Metlife Investment Management, acquired 880,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $22,000,000.00. Following the transaction, the insider directly owned 296,000 shares in the company, valued at $7,400,000. This represents a -150.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CCD. Royal Bank of Canada lifted its holdings in shares of Calamos Dynamic Convertible and Income Fund by 6.0% in the first quarter. Royal Bank of Canada now owns 141,994 shares of the company’s stock worth $3,023,000 after acquiring an additional 8,055 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Calamos Dynamic Convertible and Income Fund by 15.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 48,501 shares of the company’s stock valued at $978,000 after purchasing an additional 6,359 shares during the last quarter. Bank of America Corp DE increased its position in Calamos Dynamic Convertible and Income Fund by 11.1% during the 2nd quarter. Bank of America Corp DE now owns 328,473 shares of the company’s stock worth $6,624,000 after purchasing an additional 32,794 shares in the last quarter. Citadel Advisors LLC acquired a new position in Calamos Dynamic Convertible and Income Fund during the 3rd quarter worth approximately $514,000. Finally, Integrated Wealth Concepts LLC lifted its stake in Calamos Dynamic Convertible and Income Fund by 18.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 12,419 shares of the company’s stock valued at $261,000 after purchasing an additional 1,907 shares during the last quarter.

Calamos Dynamic Convertible and Income Fund Company Profile

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.