Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Shares Pass Below 50 Day Moving Average – Should You Sell?

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $24.30 and traded as low as $22.65. Calamos Dynamic Convertible and Income Fund shares last traded at $22.88, with a volume of 74,300 shares.

Calamos Dynamic Convertible and Income Fund Stock Up 0.6 %

The stock’s fifty day simple moving average is $24.27 and its two-hundred day simple moving average is $24.31.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 21st. Stockholders of record on Thursday, February 13th were paid a $0.195 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $2.34 annualized dividend and a dividend yield of 10.23%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Calamos Dynamic Convertible and Income Fund in the third quarter worth approximately $30,000. Westside Investment Management Inc. bought a new position in Calamos Dynamic Convertible and Income Fund during the fourth quarter valued at approximately $41,000. ORG Partners LLC bought a new position in Calamos Dynamic Convertible and Income Fund during the fourth quarter valued at approximately $46,000. Eastern Bank bought a new position in Calamos Dynamic Convertible and Income Fund during the fourth quarter valued at approximately $47,000. Finally, GWN Securities Inc. bought a new position in Calamos Dynamic Convertible and Income Fund during the fourth quarter valued at approximately $208,000.

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.