Calamos Global Dynamic Income Fund (NASDAQ:CHW) Stock Passes Above 200 Day Moving Average – Should You Sell?

Calamos Global Dynamic Income Fund (NASDAQ:CHWGet Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.36 and traded as high as $8.61. Calamos Global Dynamic Income Fund shares last traded at $8.58, with a volume of 85,074 shares.

Calamos Global Dynamic Income Fund Stock Up 0.6%

The stock’s fifty day moving average price is $8.57 and its 200-day moving average price is $8.36.

Calamos Global Dynamic Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, September 14th will be paid a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Monday, September 14th.

Insider Activity

In related news, major shareholder Metlife Investment Management, bought 440,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average price of $25.00 per share, with a total value of $11,000,000.00. Following the completion of the transaction, the insider owned 157,600 shares in the company, valued at $3,940,000. The trade was a -155.81% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CHW. Parallel Advisors LLC grew its stake in shares of Calamos Global Dynamic Income Fund by 23.5% in the third quarter. Parallel Advisors LLC now owns 7,196 shares of the investment management company’s stock valued at $54,000 after buying an additional 1,371 shares in the last quarter. Leigh Baldwin & CO. LLC acquired a new stake in Calamos Global Dynamic Income Fund in the fourth quarter valued at $74,000. Capital Financial Group Inc. Co. ADV bought a new position in shares of Calamos Global Dynamic Income Fund in the 1st quarter valued at about $76,000. Palogic Value Management L.P. acquired a new position in shares of Calamos Global Dynamic Income Fund during the 2nd quarter worth about $98,000. Finally, Retirement Planning Group LLC acquired a new position in shares of Calamos Global Dynamic Income Fund during the 1st quarter worth about $111,000.

About Calamos Global Dynamic Income Fund

(Get Free Report)

Calamos Global Dynamic Income Fund (NASDAQ: CHW) is a diversified, closed-end management investment company that seeks to provide high current income and capital appreciation. The fund pursues its objectives by investing across a broad range of income-producing securities, with an emphasis on global convertible and high-yield fixed income instruments. By combining traditional and non-traditional income sources, CHW aims to deliver a dynamic income stream that can adapt to varying market conditions.

The fund’s portfolio typically includes convertible bonds, corporate credit, preferred equities, emerging market debt and dividend-paying common stocks.

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