Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Share Price Passes Above 50 Day Moving Average – What’s Next?

Shares of Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $22.80 and traded as high as $25.27. Calamos Dynamic Convertible and Income Fund shares last traded at $24.80, with a volume of 85,636 shares.

Calamos Dynamic Convertible and Income Fund Trading Up 0.7%

The business has a 50-day simple moving average of $22.80 and a 200-day simple moving average of $22.15.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th will be given a dividend of $0.195 per share. The ex-dividend date is Thursday, May 14th. This represents a c) dividend on an annualized basis and a yield of 9.4%.

Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund

A number of hedge funds have recently made changes to their positions in CCD. D.A. Davidson & CO. increased its holdings in shares of Calamos Dynamic Convertible and Income Fund by 3.9% in the first quarter. D.A. Davidson & CO. now owns 622,462 shares of the company’s stock valued at $13,290,000 after purchasing an additional 23,349 shares during the last quarter. Landscape Capital Management L.L.C. increased its holdings 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 valued at $8,184,000 after purchasing an additional 185,127 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of 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 purchasing an additional 32,794 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of Calamos Dynamic Convertible and Income Fund by 4.2% in the fourth quarter. Guggenheim Capital LLC now owns 257,289 shares of the company’s stock valued at $5,357,000 after purchasing an additional 10,370 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Calamos Dynamic Convertible and Income Fund by 12.3% in the fourth quarter. Royal Bank of Canada now owns 177,912 shares of the company’s stock valued at $3,711,000 after purchasing an additional 19,494 shares during 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.