Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $21.41 and traded as low as $21.24. Calamos Dynamic Convertible and Income Fund shares last traded at $21.28, with a volume of 90,630 shares.

Calamos Dynamic Convertible and Income Fund Stock Down 1.8%

The business’s 50 day moving average is $21.41 and its two-hundred day moving average is $20.81.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 12th will be paid a dividend of $0.195 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date is Friday, December 12th.

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of CCD. D.A. Davidson & CO. increased its holdings in Calamos Dynamic Convertible and Income Fund by 2.8% during the 3rd quarter. D.A. Davidson & CO. now owns 631,809 shares of the company’s stock worth $13,293,000 after acquiring an additional 16,968 shares during the period. Landscape Capital Management L.L.C. increased its holdings in shares of Calamos Dynamic Convertible and Income Fund by 90.8% in the third quarter. Landscape Capital Management L.L.C. now owns 388,963 shares of the company’s stock worth $8,184,000 after purchasing an additional 185,127 shares during the period. Bank of America Corp DE raised its position in shares of Calamos Dynamic Convertible and Income Fund by 11.1% in the second quarter. Bank of America Corp DE now owns 328,473 shares of the company’s stock worth $6,624,000 after buying an additional 32,794 shares in the last quarter. Royal Bank of Canada boosted its stake in Calamos Dynamic Convertible and Income Fund by 6.0% during the first quarter. Royal Bank of Canada now owns 141,994 shares of the company’s stock valued at $3,023,000 after buying an additional 8,055 shares during the period. Finally, Mutual Advisors LLC grew its position in Calamos Dynamic Convertible and Income Fund by 1.5% during the third quarter. Mutual Advisors LLC now owns 113,609 shares of the company’s stock worth $2,409,000 after buying an additional 1,711 shares in the last quarter.

About Calamos Dynamic Convertible and Income Fund

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.