Calamos Global Dynamic Income Fund (NASDAQ:CHW) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Calamos Global Dynamic Income Fund (NASDAQ:CHW)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.19 and traded as high as $7.58. Calamos Global Dynamic Income Fund shares last traded at $7.55, with a volume of 187,513 shares trading hands.

Calamos Global Dynamic Income Fund Stock Performance

The firm’s 50 day moving average is $7.56 and its two-hundred day moving average is $7.19.

Calamos Global Dynamic Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 14th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 7.9%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHW. Adapt Wealth Advisors LLC acquired a new position in Calamos Global Dynamic Income Fund in the third quarter valued at about $2,631,000. Karpus Management Inc. grew its position in shares of Calamos Global Dynamic Income Fund by 23.0% in the 2nd quarter. Karpus Management Inc. now owns 1,656,186 shares of the investment management company’s stock valued at $11,809,000 after purchasing an additional 310,155 shares during the period. Wolverine Asset Management LLC increased its stake in Calamos Global Dynamic Income Fund by 127.7% during the 2nd quarter. Wolverine Asset Management LLC now owns 402,466 shares of the investment management company’s stock worth $2,870,000 after purchasing an additional 225,728 shares in the last quarter. Royal Bank of Canada increased its stake in Calamos Global Dynamic Income Fund by 91.7% during the 1st quarter. Royal Bank of Canada now owns 246,847 shares of the investment management company’s stock worth $1,577,000 after purchasing an additional 118,085 shares in the last quarter. Finally, Shaker Financial Services LLC raised its holdings in Calamos Global Dynamic Income Fund by 13.8% during the 2nd quarter. Shaker Financial Services LLC now owns 841,470 shares of the investment management company’s stock worth $6,000,000 after buying an additional 101,929 shares during the period.

About Calamos Global Dynamic Income Fund

Calamos Global Dynamic Income Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors.