Calamos Global Dynamic Income Fund (NASDAQ:CHW) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Calamos Global Dynamic Income Fund (NASDAQ:CHW)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.71 and traded as high as $6.90. Calamos Global Dynamic Income Fund shares last traded at $6.89, with a volume of 115,400 shares changing hands.

Calamos Global Dynamic Income Fund Stock Performance

The company’s 50-day simple moving average is $6.40 and its 200-day simple moving average is $6.71.

Calamos Global Dynamic Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th were issued a $0.05 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.60 annualized dividend and a dividend yield of 8.71%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHW. Janney Montgomery Scott LLC increased its position in Calamos Global Dynamic Income Fund by 4.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 49,709 shares of the investment management company’s stock worth $336,000 after purchasing an additional 2,277 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Calamos Global Dynamic Income Fund by 1.0% during the 4th quarter. Ameriprise Financial Inc. now owns 244,242 shares of the investment management company’s stock worth $1,662,000 after purchasing an additional 2,419 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Calamos Global Dynamic Income Fund by 3.4% during the 4th quarter. Wells Fargo & Company MN now owns 80,309 shares of the investment management company’s stock worth $542,000 after purchasing an additional 2,652 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Calamos Global Dynamic Income Fund by 0.3% during the fourth quarter. Baird Financial Group Inc. now owns 1,215,342 shares of the investment management company’s stock worth $8,204,000 after buying an additional 3,156 shares in the last quarter. Finally, Saxony Capital Management LLC raised its position in shares of Calamos Global Dynamic Income Fund by 4.5% in the first quarter. Saxony Capital Management LLC now owns 87,250 shares of the investment management company’s stock valued at $558,000 after buying an additional 3,750 shares during the last quarter.

Calamos Global Dynamic Income Fund Company Profile

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.