Calamos Global Dynamic Income Fund (NASDAQ:CHW) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Calamos Global Dynamic Income Fund (NASDAQ:CHW)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.14 and traded as high as $8.85. Calamos Global Dynamic Income Fund shares last traded at $8.82, with a volume of 137,976 shares.

Calamos Global Dynamic Income Fund Stock Performance

The stock has a 50-day simple moving average of $8.78 and a 200 day simple moving average of $8.14.

Calamos Global Dynamic Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 14th will be given a $0.06 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. This is a positive change from Calamos Global Dynamic Income Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, July 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC increased its stake in Calamos Global Dynamic Income Fund by 49.1% in the 2nd quarter. CoreCap Advisors LLC now owns 26,705 shares of the investment management company’s stock valued at $238,000 after buying an additional 8,800 shares during the period. Readystate Asset Management LP acquired a new stake in shares of Calamos Global Dynamic Income Fund during the 1st quarter valued at $266,000. Royal Bank of Canada grew its holdings in shares of Calamos Global Dynamic Income Fund by 36.8% during the 1st quarter. Royal Bank of Canada now owns 303,310 shares of the investment management company’s stock valued at $2,202,000 after acquiring an additional 81,670 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Calamos Global Dynamic Income Fund by 387.8% during the 1st quarter. Cetera Investment Advisers now owns 68,126 shares of the investment management company’s stock valued at $495,000 after acquiring an additional 54,159 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Calamos Global Dynamic Income Fund by 8.0% in the first quarter. PNC Financial Services Group Inc. now owns 35,903 shares of the investment management company’s stock worth $261,000 after acquiring an additional 2,665 shares during the last quarter.

Calamos Global Dynamic Income Fund Company Profile

Calamos Global Dynamic Income Fund (NASDAQ: CHW) is a diversified, closed-end management investment company that seeks to provide high current income and capital appreciation. The fund pursues its objectives by investing across a broad range of income-producing securities, with an emphasis on global convertible and high-yield fixed income instruments. By combining traditional and non-traditional income sources, CHW aims to deliver a dynamic income stream that can adapt to varying market conditions.

The fund’s portfolio typically includes convertible bonds, corporate credit, preferred equities, emerging market debt and dividend-paying common stocks.