Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Shares Cross Above 50 Day Moving Average – Should You Sell?

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $23.09 and traded as high as $23.71. Calamos Dynamic Convertible and Income Fund shares last traded at $23.16, with a volume of 135,331 shares traded.

Calamos Dynamic Convertible and Income Fund Stock Performance

The company’s 50-day moving average price is $23.09 and its 200-day moving average price is $22.32.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, May 14th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a c) annualized dividend and a yield of 10.1%.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Several hedge funds have recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its holdings in 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 acquiring an additional 23,349 shares in the last quarter. Landscape Capital Management L.L.C. raised its holdings in 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 acquiring an additional 185,127 shares in 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. Guggenheim Capital LLC raised its holdings in 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 acquiring an additional 10,370 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Calamos Dynamic Convertible and Income Fund by 4.5% in the first quarter. Royal Bank of Canada now owns 185,980 shares of the company’s stock valued at $3,971,000 after acquiring an additional 8,068 shares in the last quarter.

Calamos Dynamic Convertible and Income Fund Company Profile

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.