Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $24.16 and traded as low as $24.05. Calamos Dynamic Convertible and Income Fund shares last traded at $24.26, with a volume of 20,956 shares traded.

Calamos Dynamic Convertible and Income Fund Stock Performance

The firm’s 50 day moving average is $24.16 and its 200 day moving average is $24.11.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 10th. Stockholders of record on Monday, December 30th were issued a dividend of $0.195 per share. The ex-dividend date was Monday, December 30th. This represents a $2.34 annualized dividend and a dividend yield of 9.65%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CCD. Wilmington Savings Fund Society FSB purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund during the third quarter worth about $30,000. Westside Investment Management Inc. purchased a new stake in Calamos Dynamic Convertible and Income Fund during the 4th quarter worth approximately $41,000. ORG Partners LLC acquired a new position in Calamos Dynamic Convertible and Income Fund during the 4th quarter valued at approximately $46,000. Eastern Bank purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund during the fourth quarter valued at $47,000. Finally, Moors & Cabot Inc. acquired a new position in shares of Calamos Dynamic Convertible and Income Fund in the 3rd quarter valued at $245,000.

Calamos Dynamic Convertible and Income Fund Company Profile

Calamos Dynamic Convertible and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a portfolio of convertible securities, investment grade and below investment grade bonds, loans, equity-linked notes, and floating rate securities.