Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Stock Crosses Above 50-Day Moving Average – Here’s Why

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $24.54 and traded as high as $25.80. Calamos Dynamic Convertible and Income Fund shares last traded at $25.62, with a volume of 76,488 shares traded.

Calamos Dynamic Convertible and Income Fund Price Performance

The firm has a 50-day moving average price of $24.59 and a 200 day moving average price of $22.94.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 22nd. Investors 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 yield of 9.1%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its position in shares of Calamos Dynamic Convertible and Income Fund by 3.9% in the first quarter. D.A. Davidson & CO. now owns 622,462 shares of the company’s stock valued at $13,290,000 after acquiring an additional 23,349 shares during the period. Landscape Capital Management L.L.C. raised its stake 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 in the last quarter. Bank of America Corp DE boosted its holdings 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 valued at $6,624,000 after purchasing an additional 32,794 shares during the period. Guggenheim Capital LLC boosted its holdings 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 valued at $5,357,000 after purchasing an additional 10,370 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Calamos Dynamic Convertible and Income Fund by 4.5% during 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 in the last quarter.

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.