Calamos Global Dynamic Income Fund (NASDAQ:CHW) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Calamos Global Dynamic Income Fund (NASDAQ:CHW) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.14 and traded as high as $8.85. Calamos Global Dynamic Income Fund shares last traded at $8.82, with a volume of 137,976 shares trading hands.

Calamos Global Dynamic Income Fund Price Performance

The business has a 50 day simple moving average of $8.78 and a 200 day simple moving average of $8.14.

Calamos Global Dynamic Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 14th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 8.2%. This is a positive change from Calamos Global Dynamic Income Fund’s previous monthly dividend of $0.05.

Hedge Funds Weigh In On Calamos Global Dynamic Income Fund

Several large investors have recently made changes to their positions in the business. Pathstone Holdings LLC acquired a new stake in Calamos Global Dynamic Income Fund in the 3rd quarter valued at approximately $9,968,000. Advisors Asset Management Inc. lifted its holdings in shares of Calamos Global Dynamic Income Fund by 33.8% during the fourth quarter. Advisors Asset Management Inc. now owns 1,517,250 shares of the investment management company’s stock worth $11,243,000 after buying an additional 383,511 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of Calamos Global Dynamic Income Fund during the fourth quarter worth approximately $1,503,000. Altium Capital Management LLC boosted its position in shares of Calamos Global Dynamic Income Fund by 149.5% in the first quarter. Altium Capital Management LLC now owns 328,901 shares of the investment management company’s stock valued at $2,388,000 after acquiring an additional 197,098 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Calamos Global Dynamic Income Fund by 91.7% in the first quarter. Royal Bank of Canada now owns 246,847 shares of the investment management company’s stock worth $1,577,000 after acquiring an additional 118,085 shares during the last quarter.

Calamos Global Dynamic Income Fund Company Profile

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.