Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $21.26 and traded as high as $22.28. Calamos Dynamic Convertible and Income Fund shares last traded at $22.25, with a volume of 52,356 shares changing hands.

Calamos Dynamic Convertible and Income Fund Stock Performance

The stock has a 50-day moving average of $21.26 and a 200-day moving average of $23.08.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 13th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.34 dividend on an annualized basis and a yield of 10.52%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westside Investment Management Inc. bought a new stake in Calamos Dynamic Convertible and Income Fund during the 4th quarter valued at $41,000. Elequin Capital LP bought a new stake in Calamos Dynamic Convertible and Income Fund during the 1st quarter valued at $109,000. GWN Securities Inc. bought a new stake in Calamos Dynamic Convertible and Income Fund during the 4th quarter valued at $208,000. Moors & Cabot Inc. raised its stake in Calamos Dynamic Convertible and Income Fund by 14.5% during the 4th quarter. Moors & Cabot Inc. now owns 11,032 shares of the company’s stock valued at $268,000 after acquiring an additional 1,393 shares in the last quarter. Finally, Tempus Wealth Planning LLC bought a new stake in Calamos Dynamic Convertible and Income Fund during the 1st quarter valued at $292,000.

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.