Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $24.16 and traded as low as $24.01. Calamos Dynamic Convertible and Income Fund shares last traded at $24.28, with a volume of 61,196 shares traded.

Calamos Dynamic Convertible and Income Fund Trading Down 1.3%

The business’s fifty day simple moving average is $24.16 and its 200 day simple moving average is $22.73.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 12th will be issued a dividend of $0.195 per share. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend is Friday, June 12th.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

A number of institutional investors have recently bought and sold shares of CCD. Landscape Capital Management L.L.C. grew its holdings in Calamos Dynamic Convertible and Income Fund by 90.8% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 388,963 shares of the company’s stock worth $8,184,000 after acquiring an additional 185,127 shares during the period. PMG Family Office LLC acquired a new stake in Calamos Dynamic Convertible and Income Fund during the 3rd quarter worth $1,428,000. Readystate Asset Management LP grew its holdings in shares of Calamos Dynamic Convertible and Income Fund by 144.0% in the 4th quarter. Readystate Asset Management LP now owns 58,054 shares of the company’s stock valued at $1,209,000 after buying an additional 34,261 shares during the period. Absolute Investment Advisers LLC acquired a new position in shares of Calamos Dynamic Convertible and Income Fund in the 4th quarter valued at $724,000. Finally, Bank of America Corp DE grew its holdings in shares of Calamos Dynamic Convertible and Income Fund by 11.1% in the 2nd quarter. Bank of America Corp DE now owns 328,473 shares of the company’s stock valued at $6,624,000 after buying an additional 32,794 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.