Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $24.30 and traded as low as $22.65. Calamos Dynamic Convertible and Income Fund shares last traded at $22.88, with a volume of 74,300 shares changing hands.

Calamos Dynamic Convertible and Income Fund Price Performance

The business’s fifty day moving average price is $24.27 and its two-hundred day moving average price is $24.31.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 21st. Stockholders of record on Thursday, February 13th were issued a dividend of $0.195 per share. The ex-dividend date was Thursday, February 13th. This represents a $2.34 annualized dividend and a dividend yield of 10.23%.

Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund

Several hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC increased its holdings in shares of Calamos Dynamic Convertible and Income Fund by 11.6% during the fourth quarter. CoreCap Advisors LLC now owns 67,845 shares of the company’s stock valued at $1,649,000 after acquiring an additional 7,032 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Calamos Dynamic Convertible and Income Fund by 3.7% during the fourth quarter. Bank of America Corp DE now owns 283,527 shares of the company’s stock valued at $6,891,000 after buying an additional 10,108 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of Calamos Dynamic Convertible and Income Fund by 4.6% during the fourth quarter. Guggenheim Capital LLC now owns 340,300 shares of the company’s stock valued at $8,273,000 after buying an additional 14,877 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund during the fourth quarter valued at $2,634,000. Finally, Arete Wealth Advisors LLC grew its holdings in shares of Calamos Dynamic Convertible and Income Fund by 2.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 33,264 shares of the company’s stock valued at $806,000 after buying an additional 779 shares during the last quarter.

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.