Calamos Global Dynamic Income Fund (NASDAQ:CHW) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

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 $7.89 and traded as high as $8.79. Calamos Global Dynamic Income Fund shares last traded at $8.62, with a volume of 477,904 shares changing hands.

Calamos Global Dynamic Income Fund Price Performance

The stock’s 50-day moving average price is $8.40 and its 200 day moving average price is $7.91.

Calamos Global Dynamic Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 12th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

Institutional Investors Weigh In On Calamos Global Dynamic Income Fund

A number of hedge funds have recently modified their holdings of CHW. Readystate Asset Management LP purchased a new position in Calamos Global Dynamic Income Fund during the first quarter worth about $266,000. Royal Bank of Canada boosted its stake in Calamos Global Dynamic Income Fund by 36.8% during the first quarter. Royal Bank of Canada now owns 303,310 shares of the investment management company’s stock worth $2,202,000 after buying an additional 81,670 shares during the period. Cetera Investment Advisers boosted its stake in Calamos Global Dynamic Income Fund by 387.8% during the first quarter. Cetera Investment Advisers now owns 68,126 shares of the investment management company’s stock worth $495,000 after buying an additional 54,159 shares during the period. PNC Financial Services Group Inc. boosted its stake in Calamos Global Dynamic Income Fund by 8.0% during the first quarter. PNC Financial Services Group Inc. now owns 35,903 shares of the investment management company’s stock worth $261,000 after buying an additional 2,665 shares during the period. Finally, Retirement Planning Group LLC purchased a new position in Calamos Global Dynamic Income Fund during the first quarter worth about $111,000.

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.