Calamos Global Dynamic Income Fund (NASDAQ:CHW) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Calamos Global Dynamic Income Fund (NASDAQ:CHW)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.99 and traded as high as $7.05. Calamos Global Dynamic Income Fund shares last traded at $6.89, with a volume of 96,959 shares trading hands.

Calamos Global Dynamic Income Fund Stock Performance

The stock’s fifty day moving average is $7.04 and its two-hundred day moving average is $6.99.

Calamos Global Dynamic Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be paid a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a yield of 8.71%. The ex-dividend date is Monday, December 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. GHP Investment Advisors Inc. purchased a new position in shares of Calamos Global Dynamic Income Fund in the 3rd quarter worth about $30,000. Farther Finance Advisors LLC purchased a new stake in Calamos Global Dynamic Income Fund in the third quarter worth approximately $62,000. TD Private Client Wealth LLC bought a new position in Calamos Global Dynamic Income Fund during the third quarter valued at approximately $73,000. Arete Wealth Advisors LLC raised its stake in shares of Calamos Global Dynamic Income Fund by 24.5% during the third quarter. Arete Wealth Advisors LLC now owns 12,688 shares of the investment management company’s stock worth $91,000 after acquiring an additional 2,496 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Calamos Global Dynamic Income Fund in the 3rd quarter worth approximately $980,000.

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.