Calamos Global Dynamic Income Fund (NASDAQ:CHW) Shares Pass Above 200-Day Moving Average – What’s Next?

Calamos Global Dynamic Income Fund (NASDAQ:CHW)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.25 and traded as high as $8.40. Calamos Global Dynamic Income Fund shares last traded at $8.35, with a volume of 201,210 shares traded.

Calamos Global Dynamic Income Fund Price Performance

The company has a 50-day simple moving average of $8.74 and a two-hundred day simple moving average of $8.26.

Calamos Global Dynamic Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Friday, August 14th.

Hedge Funds Weigh In On Calamos Global Dynamic Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC increased its holdings in Calamos Global Dynamic Income Fund by 23.5% during the third quarter. Parallel Advisors LLC now owns 7,196 shares of the investment management company’s stock worth $54,000 after buying an additional 1,371 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new position in shares of Calamos Global Dynamic Income Fund during the 4th quarter valued at approximately $74,000. Capital Financial Group Inc. Co. ADV bought a new position in shares of Calamos Global Dynamic Income Fund during the 1st quarter valued at approximately $76,000. Retirement Planning Group LLC purchased a new stake in shares of Calamos Global Dynamic Income Fund during the 1st quarter worth approximately $111,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Calamos Global Dynamic Income Fund during the 2nd quarter worth approximately $145,000.

About Calamos Global Dynamic Income Fund

Calamos Global Dynamic Income Fund (NASDAQ: CHW) is a diversified, closed-end management investment company that seeks to provide high current income and capital appreciation. The fund pursues its objectives by investing across a broad range of income-producing securities, with an emphasis on global convertible and high-yield fixed income instruments. By combining traditional and non-traditional income sources, CHW aims to deliver a dynamic income stream that can adapt to varying market conditions.

The fund’s portfolio typically includes convertible bonds, corporate credit, preferred equities, emerging market debt and dividend-paying common stocks.