Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $24.61 and traded as low as $24.13. Calamos Dynamic Convertible and Income Fund shares last traded at $24.19, with a volume of 80,693 shares traded.

Calamos Dynamic Convertible and Income Fund Price Performance

The firm’s 50-day moving average is $24.61 and its 200 day moving average is $23.31.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 15th were issued a $0.195 dividend. This represents a $2.34 annualized dividend and a dividend yield of 9.67%. The ex-dividend date of this dividend was Tuesday, October 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new position in Calamos Dynamic Convertible and Income Fund during the second quarter worth approximately $46,000. Primoris Wealth Advisors LLC increased its holdings in shares of Calamos Dynamic Convertible and Income Fund by 10.7% during the 1st quarter. Primoris Wealth Advisors LLC now owns 12,950 shares of the company’s stock worth $282,000 after acquiring an additional 1,250 shares during the last quarter. Quad Cities Investment Group LLC raised its stake in Calamos Dynamic Convertible and Income Fund by 59.1% in the 2nd quarter. Quad Cities Investment Group LLC now owns 14,690 shares of the company’s stock valued at $330,000 after acquiring an additional 5,458 shares during the period. World Equity Group Inc. lifted its holdings in Calamos Dynamic Convertible and Income Fund by 4.0% during the 2nd quarter. World Equity Group Inc. now owns 17,273 shares of the company’s stock valued at $388,000 after purchasing an additional 666 shares during the last quarter. Finally, Herold Advisors Inc. boosted its position in Calamos Dynamic Convertible and Income Fund by 2.5% during the second quarter. Herold Advisors Inc. now owns 22,725 shares of the company’s stock worth $510,000 after purchasing an additional 565 shares during the period.

Calamos Dynamic Convertible and Income Fund Company Profile

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.