Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Share Price Passes Below 50-Day Moving Average – Here’s What Happened

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 $25.13 and traded as low as $25.11. Calamos Dynamic Convertible and Income Fund shares last traded at $25.26, with a volume of 51,830 shares.

Calamos Dynamic Convertible and Income Fund Price Performance

The business’s 50-day moving average is $25.13 and its two-hundred day moving average is $23.50.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 14th will be paid a $0.195 dividend. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Tuesday, July 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Quad Cities Investment Group LLC raised its holdings in Calamos Dynamic Convertible and Income Fund by 2.8% during the second quarter. Quad Cities Investment Group LLC now owns 17,038 shares of the company’s stock worth $439,000 after purchasing an additional 471 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Calamos Dynamic Convertible and Income Fund by 4.7% in the 1st quarter. International Assets Investment Management LLC now owns 14,017 shares of the company’s stock valued at $310,000 after purchasing an additional 635 shares in the last quarter. Moors & Cabot Inc. increased its position in Calamos Dynamic Convertible and Income Fund by 5.4% during the 3rd quarter. Moors & Cabot Inc. now owns 15,521 shares of the company’s stock worth $327,000 after purchasing an additional 798 shares during the period. Kestra Private Wealth Services LLC increased its position in Calamos Dynamic Convertible and Income Fund by 4.7% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 24,592 shares of the company’s stock worth $517,000 after purchasing an additional 1,103 shares during the period. Finally, Samalin Investment Counsel LLC increased its position in Calamos Dynamic Convertible and Income Fund by 3.3% during the 4th quarter. Samalin Investment Counsel LLC now owns 41,183 shares of the company’s stock worth $859,000 after purchasing an additional 1,322 shares during the period.

About Calamos Dynamic Convertible and Income Fund

Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD) is a diversified, closed-end management investment company that seeks total return through a combination of current income and capital appreciation. Listed on the NASDAQ Global Select Market, CCD provides investors access to a portfolio primarily composed of convertible securities, supplemented by fixed-income and equity instruments. By blending the features of bonds and equity, the fund aims to capture upside potential in rising markets while offering downside protection in more volatile conditions.

The fund’s investment strategy emphasizes convertible bonds, convertible preferred stocks, and other hybrid instruments, alongside selective allocations to corporate debt, high-yield securities, common stocks, and derivative overlays.