Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Stock Passes Below Fifty 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 Tuesday . The stock has a fifty day moving average of $23.46 and traded as low as $21.89. Calamos Dynamic Convertible and Income Fund shares last traded at $22.02, with a volume of 39,923 shares traded.

Calamos Dynamic Convertible and Income Fund Stock Down 0.8 %

The company has a 50 day moving average price of $23.39 and a 200-day moving average price of $24.10.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 13th were issued a $0.195 dividend. This represents a $2.34 annualized dividend and a yield of 10.82%. The ex-dividend date of this dividend was Thursday, March 13th.

Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund

Large investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new position in shares of Calamos Dynamic Convertible and Income Fund in the third quarter valued at approximately $30,000. Westside Investment Management Inc. bought a new stake in Calamos Dynamic Convertible and Income Fund during the fourth quarter worth approximately $41,000. ORG Partners LLC acquired a new stake in Calamos Dynamic Convertible and Income Fund in the fourth quarter worth approximately $46,000. Eastern Bank bought a new position in Calamos Dynamic Convertible and Income Fund during the 4th quarter valued at $47,000. Finally, GWN Securities Inc. acquired a new position in shares of Calamos Dynamic Convertible and Income Fund during the 4th quarter valued at $208,000.

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.