Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Stock Price Up 0.5% – What’s Next?

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD)’s stock price rose 0.5% on Friday . The stock traded as high as $22.17 and last traded at $21.99. Approximately 123,219 shares changed hands during trading, an increase of 50% from the average daily volume of 82,360 shares. The stock had previously closed at $21.88.

Calamos Dynamic Convertible and Income Fund Stock Up 0.5%

The stock’s fifty day moving average price is $21.28 and its 200 day moving average price is $21.01.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 9th. Stockholders of record on Tuesday, December 30th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CCD. Sound Income Strategies LLC bought a new stake in Calamos Dynamic Convertible and Income Fund during the 3rd quarter valued at $27,000. Advisory Services Network LLC purchased a new position in shares of Calamos Dynamic Convertible and Income Fund during the third quarter valued at $35,000. Farther Finance Advisors LLC bought a new stake in shares of Calamos Dynamic Convertible and Income Fund in the third quarter valued at about $52,000. Triumph Capital Management bought a new stake in shares of Calamos Dynamic Convertible and Income Fund in the third quarter valued at about $65,000. Finally, Integrated Wealth Concepts LLC lifted its stake in Calamos Dynamic Convertible and Income Fund by 18.1% in the third quarter. Integrated Wealth Concepts LLC now owns 12,419 shares of the company’s stock worth $261,000 after acquiring an additional 1,907 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.