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

Shares of Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Calamos Dynamic Convertible and Income Fund Trading Up 0.6 %

The stock has a fifty day simple moving average of $24.27 and a two-hundred day simple moving average of $24.31.

Calamos Dynamic Convertible and Income Fund Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CCD. Raymond James Financial Inc. purchased a new position in shares of Calamos Dynamic Convertible and Income Fund during the fourth quarter worth about $2,634,000. D.A. Davidson & CO. grew its holdings in shares of Calamos Dynamic Convertible and Income Fund by 2.7% during the fourth quarter. D.A. Davidson & CO. now owns 569,456 shares of the company’s stock worth $13,841,000 after purchasing an additional 15,089 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of Calamos Dynamic Convertible and Income Fund by 4.6% during the fourth quarter. Guggenheim Capital LLC now owns 340,300 shares of the company’s stock worth $8,273,000 after purchasing an additional 14,877 shares in the last quarter. Walkner Condon Financial Advisors LLC purchased a new position in shares of Calamos Dynamic Convertible and Income Fund during the fourth quarter worth about $347,000. Finally, J.W. Cole Advisors Inc. grew its holdings in shares of Calamos Dynamic Convertible and Income Fund by 47.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 34,781 shares of the company’s stock worth $845,000 after purchasing an additional 11,142 shares in the last quarter.

About Calamos Dynamic Convertible and Income Fund

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.