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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $24.16 and traded as low as $24.01. Calamos Dynamic Convertible and Income Fund shares last traded at $24.28, with a volume of 61,196 shares changing hands.

Calamos Dynamic Convertible and Income Fund Trading Up 0.8%

The company’s 50-day moving average is $24.28 and its two-hundred day moving average is $22.78.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 12th will be paid a $0.195 dividend. The ex-dividend date is Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 9.4%.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Several hedge funds have recently made changes to their positions in CCD. Royal Bank of Canada raised its stake in shares of Calamos Dynamic Convertible and Income Fund by 6.0% in the first quarter. Royal Bank of Canada now owns 141,994 shares of the company’s stock valued at $3,023,000 after buying an additional 8,055 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Calamos Dynamic Convertible and Income Fund by 15.1% in the second quarter. Ameriprise Financial Inc. now owns 48,501 shares of the company’s stock valued at $978,000 after buying an additional 6,359 shares during the period. Bank of America Corp DE raised its stake 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 buying an additional 32,794 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Calamos Dynamic Convertible and Income Fund by 1.9% in the third quarter. Oppenheimer & Co. Inc. now owns 36,334 shares of the company’s stock valued at $764,000 after buying an additional 682 shares during the period. Finally, Landscape Capital Management L.L.C. boosted its holdings in Calamos Dynamic Convertible and Income Fund by 90.8% in the 3rd 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 period.

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.