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

Shares of Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $21.43 and traded as high as $21.94. Calamos Dynamic Convertible and Income Fund shares last traded at $21.87, with a volume of 85,355 shares trading hands.

Calamos Dynamic Convertible and Income Fund Price Performance

The stock’s 50-day moving average is $21.43 and its 200 day moving average is $20.92.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.195 per share. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date is Friday, November 14th.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Several hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new position in shares of Calamos Dynamic Convertible and Income Fund in the third quarter valued at approximately $27,000. Farther Finance Advisors LLC bought a new stake in Calamos Dynamic Convertible and Income Fund in the 3rd quarter valued at $52,000. Elequin Capital LP bought a new position in Calamos Dynamic Convertible and Income Fund during the 1st quarter worth about $109,000. Atria Wealth Solutions Inc. raised its stake in shares of Calamos Dynamic Convertible and Income Fund by 8.6% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 12,637 shares of the company’s stock valued at $255,000 after purchasing an additional 997 shares during the period. Finally, Tempus Wealth Planning LLC bought a new stake in shares of Calamos Dynamic Convertible and Income Fund in the first quarter valued at about $292,000.

About Calamos Dynamic Convertible and Income Fund

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.