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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $21.99 and traded as high as $22.99. Calamos Dynamic Convertible and Income Fund shares last traded at $22.94, with a volume of 76,472 shares changing hands.

Calamos Dynamic Convertible and Income Fund Stock Up 0.3%

The company has a 50-day moving average price of $21.99 and a two-hundred day moving average price of $21.40.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 23rd. Investors of record on Friday, February 13th will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) annualized dividend and a yield of 10.2%.

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

A number of hedge funds have recently bought and sold shares of the business. D.A. Davidson & CO. raised its position in shares of Calamos Dynamic Convertible and Income Fund by 2.8% in the 3rd quarter. D.A. Davidson & CO. now owns 631,809 shares of the company’s stock valued at $13,293,000 after purchasing an additional 16,968 shares in the last quarter. Landscape Capital Management L.L.C. increased its stake 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 buying an additional 185,127 shares during the last quarter. Bank of America Corp DE raised its holdings in 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 valued at $6,624,000 after acquiring 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 1st quarter. Royal Bank of Canada now owns 141,994 shares of the company’s stock valued at $3,023,000 after acquiring an additional 8,055 shares during the last quarter. Finally, Mutual Advisors LLC raised its stake in shares of Calamos Dynamic Convertible and Income Fund by 1.5% in the 3rd quarter. Mutual Advisors LLC now owns 113,609 shares of the company’s stock valued at $2,409,000 after purchasing an additional 1,711 shares in the last quarter.

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.