Calamos Global Dynamic Income Fund (NASDAQ:CHW) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Calamos Global Dynamic Income Fund (NASDAQ:CHW) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.49 and traded as high as $8.20. Calamos Global Dynamic Income Fund shares last traded at $8.20, with a volume of 312,668 shares traded.

Calamos Global Dynamic Income Fund Price Performance

The company’s 50-day moving average is $7.63 and its 200-day moving average is $7.49.

Calamos Global Dynamic Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 23rd. Stockholders of record on Friday, February 13th will be given a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Friday, February 13th.

Institutional Trading of Calamos Global Dynamic Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of CHW. Parallel Advisors LLC boosted its position in Calamos Global Dynamic Income Fund by 23.5% in the 3rd quarter. Parallel Advisors LLC now owns 7,196 shares of the investment management company’s stock valued at $54,000 after buying an additional 1,371 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Calamos Global Dynamic Income Fund during the second quarter valued at $99,000. Concurrent Investment Advisors LLC acquired a new position in shares of Calamos Global Dynamic Income Fund during the second quarter valued at $103,000. Valeo Financial Advisors LLC bought a new position in Calamos Global Dynamic Income Fund in the third quarter valued at about $106,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in Calamos Global Dynamic Income Fund in the second quarter worth about $127,000.

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.