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

Calamos Global Dynamic Income Fund (NASDAQ:CHW)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.53 and traded as high as $8.16. Calamos Global Dynamic Income Fund shares last traded at $8.13, with a volume of 165,243 shares traded.

Calamos Global Dynamic Income Fund Stock Performance

The firm’s 50 day moving average is $7.73 and its 200-day moving average is $7.53.

Calamos Global Dynamic Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 23rd. Investors of record on Friday, February 13th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Institutional Investors Weigh In On Calamos Global Dynamic Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings 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 purchasing an additional 1,371 shares during the last quarter. Leigh Baldwin & CO. LLC acquired a new position in Calamos Global Dynamic Income Fund in the fourth quarter valued at approximately $74,000. Newbridge Financial Services Group Inc. acquired a new position in Calamos Global Dynamic Income Fund in the second quarter valued at approximately $99,000. Valeo Financial Advisors LLC purchased a new position in Calamos Global Dynamic Income Fund in the third quarter worth approximately $106,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in Calamos Global Dynamic Income Fund during the second quarter worth $103,000.

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.