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 50 day moving average during trading on Friday . The stock has a 50 day moving average of $21.41 and traded as low as $21.24. Calamos Dynamic Convertible and Income Fund shares last traded at $21.28, with a volume of 90,630 shares changing hands.

Calamos Dynamic Convertible and Income Fund Price Performance

The firm has a 50 day moving average of $21.41 and a two-hundred day moving average of $20.81.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 12th will be paid a $0.195 dividend. The ex-dividend date is Friday, December 12th. This represents a c) dividend on an annualized basis and a yield of 11.0%.

Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund

A number of hedge funds have recently added to or reduced their stakes in CCD. Sound Income Strategies LLC purchased a new stake in Calamos Dynamic Convertible and Income Fund during the 3rd quarter valued at $27,000. Advisory Services Network LLC purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund during the third quarter valued at $35,000. Farther Finance Advisors LLC bought a new stake in Calamos Dynamic Convertible and Income Fund in the 3rd quarter worth about $52,000. Triumph Capital Management purchased a new position in Calamos Dynamic Convertible and Income Fund in the 3rd quarter worth about $65,000. Finally, Elequin Capital LP bought a new position in Calamos Dynamic Convertible and Income Fund during the 1st quarter valued at about $109,000.

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.