Calamos Global Dynamic Income Fund (NASDAQ:CHW) Shares Pass Above 200-Day Moving Average – Here’s Why

Calamos Global Dynamic Income Fund (NASDAQ:CHW) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.32 and traded as high as $8.58. Calamos Global Dynamic Income Fund shares last traded at $8.51, with a volume of 59,293 shares traded.

Calamos Global Dynamic Income Fund Stock Down 0.2%

The company’s 50 day simple moving average is $8.65 and its 200 day simple moving average is $8.33.

Calamos Global Dynamic Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 14th were issued a $0.06 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend was Friday, August 14th.

Hedge Funds Weigh In On Calamos Global Dynamic Income Fund

Large investors have recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in Calamos Global Dynamic Income Fund by 23.5% in the 3rd quarter. Parallel Advisors LLC now owns 7,196 shares of the investment management company’s stock valued at $54,000 after purchasing an additional 1,371 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new stake in shares of Calamos Global Dynamic Income Fund in the fourth quarter valued at approximately $74,000. Capital Financial Group Inc. Co. ADV purchased a new stake in shares of Calamos Global Dynamic Income Fund in the first quarter valued at approximately $76,000. Palogic Value Management L.P. acquired a new position in Calamos Global Dynamic Income Fund during the second quarter worth $98,000. Finally, Retirement Planning Group LLC purchased a new position in Calamos Global Dynamic Income Fund in the first quarter worth $111,000.

About Calamos Global Dynamic Income Fund

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.