Calamos Global Dynamic Income Fund (NASDAQ:CHW) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Calamos Global Dynamic Income Fund (NASDAQ:CHW) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.42 and traded as high as $7.95. Calamos Global Dynamic Income Fund shares last traded at $7.95, with a volume of 102,548 shares trading hands.

Calamos Global Dynamic Income Fund Stock Up 0.5%

The firm’s 50 day moving average is $7.45 and its two-hundred day moving average is $7.42.

Calamos Global Dynamic Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, January 9th. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a c) annualized dividend and a yield of 7.5%.

Hedge Funds Weigh In On Calamos Global Dynamic Income Fund

A number of hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its stake in shares of Calamos Global Dynamic Income Fund by 23.5% in the third quarter. Parallel Advisors LLC now owns 7,196 shares of the investment management company’s stock worth $54,000 after acquiring an additional 1,371 shares during the period. Newbridge Financial Services Group Inc. bought a new position in Calamos Global Dynamic Income Fund during the 2nd quarter worth approximately $99,000. Concurrent Investment Advisors LLC acquired a new position in shares of Calamos Global Dynamic Income Fund in the 2nd quarter worth approximately $103,000. Valeo Financial Advisors LLC acquired a new position in shares of Calamos Global Dynamic Income Fund in the 3rd quarter worth approximately $106,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Calamos Global Dynamic Income Fund in the 2nd quarter valued at $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.