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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $24.16 and traded as low as $24.05. Calamos Dynamic Convertible and Income Fund shares last traded at $24.26, with a volume of 20,956 shares trading hands.

Calamos Dynamic Convertible and Income Fund Stock Up 0.5 %

The stock’s fifty day simple moving average is $24.16 and its 200 day simple moving average is $24.12.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were paid a dividend of $0.195 per share. This represents a $2.34 dividend on an annualized basis and a yield of 9.60%. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in Calamos Dynamic Convertible and Income Fund in the third quarter valued at $28,780,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund during the 3rd quarter worth about $600,000. D.A. Davidson & CO. increased its stake in Calamos Dynamic Convertible and Income Fund by 2.7% in the fourth quarter. D.A. Davidson & CO. now owns 569,456 shares of the company’s stock valued at $13,841,000 after purchasing an additional 15,089 shares during the last quarter. Walkner Condon Financial Advisors LLC acquired a new stake in Calamos Dynamic Convertible and Income Fund during the fourth quarter worth approximately $347,000. Finally, Moors & Cabot Inc. purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund during the 3rd quarter worth approximately $245,000.

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.