Calamos Global Dynamic Income Fund (NASDAQ:CHW) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Calamos Global Dynamic Income Fund (NASDAQ:CHW) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.73 and traded as high as $6.80. Calamos Global Dynamic Income Fund shares last traded at $6.80, with a volume of 45,789 shares traded.

Calamos Global Dynamic Income Fund Stock Up 0.9%

The stock has a 50 day simple moving average of $6.36 and a 200 day simple moving average of $6.73.

Calamos Global Dynamic Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 13th will be issued a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.82%. The ex-dividend date is Tuesday, May 13th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC acquired a new position in shares of Calamos Global Dynamic Income Fund during the first quarter valued at $37,000. Elequin Capital LP acquired a new position in Calamos Global Dynamic Income Fund during the 4th quarter valued at about $42,000. NBC Securities Inc. grew its position in Calamos Global Dynamic Income Fund by 92,522.2% in the 1st quarter. NBC Securities Inc. now owns 8,336 shares of the investment management company’s stock worth $53,000 after purchasing an additional 8,327 shares during the last quarter. Advisor Resource Council acquired a new stake in shares of Calamos Global Dynamic Income Fund in the first quarter valued at approximately $65,000. Finally, First Manhattan CO. LLC. bought a new stake in shares of Calamos Global Dynamic Income Fund during the first quarter valued at approximately $67,000.

About Calamos Global Dynamic Income Fund

Calamos Global Dynamic Income Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors.