Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-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 traded.

Calamos Dynamic Convertible and Income Fund Stock Down 1.3%

The firm’s 50-day moving average is $24.16 and its two-hundred day moving average is $22.73.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 12th will be given a $0.195 dividend. This represents a c) annualized dividend and a yield of 9.6%. The ex-dividend date is Friday, June 12th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. raised its position in Calamos Dynamic Convertible and Income Fund by 3.9% in the 1st quarter. D.A. Davidson & CO. now owns 622,462 shares of the company’s stock worth $13,290,000 after purchasing an additional 23,349 shares during the last quarter. Landscape Capital Management L.L.C. raised its position 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 purchasing an additional 185,127 shares during the last quarter. Bank of America Corp DE raised its position in Calamos Dynamic Convertible and Income Fund by 11.1% in the 2nd quarter. Bank of America Corp DE now owns 328,473 shares of the company’s stock worth $6,624,000 after purchasing an additional 32,794 shares during the last quarter. Guggenheim Capital LLC raised its position in Calamos Dynamic Convertible and Income Fund by 4.2% in the 4th quarter. Guggenheim Capital LLC now owns 257,289 shares of the company’s stock worth $5,357,000 after purchasing an additional 10,370 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Calamos Dynamic Convertible and Income Fund by 4.5% in the 1st quarter. Royal Bank of Canada now owns 185,980 shares of the company’s stock worth $3,971,000 after purchasing an additional 8,068 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.