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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCDGet Free Report) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 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 traded.

Calamos Dynamic Convertible and Income Fund Price Performance

The business has a 50-day simple moving average of $25.18 and a 200 day simple moving average of $23.66.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

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

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Institutional investors have recently added to or reduced their stakes in the stock. Quad Cities Investment Group LLC increased its position in Calamos Dynamic Convertible and Income Fund by 2.8% during the 2nd quarter. Quad Cities Investment Group LLC now owns 17,038 shares of the company’s stock valued at $439,000 after purchasing an additional 471 shares during the period. International Assets Investment Management LLC lifted its position in shares of Calamos Dynamic Convertible and Income Fund by 4.7% in the 1st quarter. International Assets Investment Management LLC now owns 14,017 shares of the company’s stock worth $310,000 after purchasing an additional 635 shares during the period. Moors & Cabot Inc. boosted its stake in shares of Calamos Dynamic Convertible and Income Fund by 5.4% in the 3rd quarter. Moors & Cabot Inc. now owns 15,521 shares of the company’s stock valued at $327,000 after purchasing an additional 798 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Calamos Dynamic Convertible and Income Fund by 4.7% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 24,592 shares of the company’s stock valued at $517,000 after purchasing an additional 1,103 shares during the last quarter. Finally, Samalin Investment Counsel LLC increased its position in shares of Calamos Dynamic Convertible and Income Fund by 3.3% during the fourth quarter. Samalin Investment Counsel LLC now owns 41,183 shares of the company’s stock worth $859,000 after buying an additional 1,322 shares during the period.

About Calamos Dynamic Convertible and Income Fund

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Calamos Dynamic Convertible and Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calamos Dynamic Convertible and Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.