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

Shares of Calamos Global Dynamic Income Fund (NASDAQ:CHW) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.20 and traded as high as $8.72. Calamos Global Dynamic Income Fund shares last traded at $8.62, with a volume of 251,241 shares traded.

Calamos Global Dynamic Income Fund Price Performance

The stock’s 50 day simple moving average is $8.79 and its two-hundred day simple moving average is $8.20.

Calamos Global Dynamic Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 14th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, July 14th. This is a positive change from Calamos Global Dynamic Income Fund’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a yield of 8.4%.

Hedge Funds Weigh In On Calamos Global Dynamic Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its position in Calamos Global Dynamic Income Fund by 33.8% in the fourth quarter. Advisors Asset Management Inc. now owns 1,517,250 shares of the investment management company’s stock worth $11,243,000 after buying an additional 383,511 shares during the last quarter. Pathstone Holdings LLC purchased a new position in shares of Calamos Global Dynamic Income Fund during the 3rd quarter valued at $9,968,000. Guggenheim Capital LLC lifted its position in shares of Calamos Global Dynamic Income Fund by 8.4% during the 4th quarter. Guggenheim Capital LLC now owns 1,123,843 shares of the investment management company’s stock valued at $8,328,000 after buying an additional 86,693 shares during the last quarter. LPL Financial LLC lifted its position in shares of Calamos Global Dynamic Income Fund by 2.5% during the 4th quarter. LPL Financial LLC now owns 1,026,645 shares of the investment management company’s stock valued at $7,607,000 after buying an additional 25,033 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Calamos Global Dynamic Income Fund by 3.8% during the 1st quarter. Private Advisor Group LLC now owns 422,888 shares of the investment management company’s stock worth $3,070,000 after acquiring an additional 15,518 shares during the period.

About Calamos Global Dynamic Income Fund

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.