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

Calamos Global Dynamic Income Fund (NASDAQ:CHW)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.20 and traded as high as $8.72. Calamos Global Dynamic Income Fund shares last traded at $8.62, with a volume of 251,241 shares traded.

Calamos Global Dynamic Income Fund Price Performance

The company’s 50-day moving average is $8.79 and its two-hundred day moving average is $8.20.

Calamos Global Dynamic Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 14th will be issued a $0.06 dividend. This is an increase from Calamos Global Dynamic Income Fund’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Tuesday, July 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in shares of Calamos Global Dynamic Income Fund by 23.5% during the 3rd quarter. Parallel Advisors LLC now owns 7,196 shares of the investment management company’s stock worth $54,000 after buying an additional 1,371 shares in the last quarter. Leigh Baldwin & CO. LLC bought a new position in Calamos Global Dynamic Income Fund in the 4th quarter valued at $74,000. Capital Financial Group Inc. Co. ADV bought a new stake in shares of Calamos Global Dynamic Income Fund during the 1st quarter worth $76,000. Retirement Planning Group LLC bought a new stake in shares of Calamos Global Dynamic Income Fund during the 1st quarter worth $111,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Calamos Global Dynamic Income Fund in the 2nd quarter worth about $145,000.

Calamos Global Dynamic Income Fund Company Profile

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.