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

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 $6.99 and traded as high as $7.05. Calamos Global Dynamic Income Fund shares last traded at $6.89, with a volume of 96,959 shares.

Calamos Global Dynamic Income Fund Trading Down 1.3 %

The company’s 50-day moving average is $7.04 and its 200-day moving average is $6.99.

Calamos Global Dynamic Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.71%.

Institutional Trading of Calamos Global Dynamic Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHW. Dakota Wealth Management raised its stake in Calamos Global Dynamic Income Fund by 3.0% in the 3rd quarter. Dakota Wealth Management now owns 59,500 shares of the investment management company’s stock worth $427,000 after purchasing an additional 1,760 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in Calamos Global Dynamic Income Fund by 5.0% during the second quarter. B. Riley Wealth Advisors Inc. now owns 40,220 shares of the investment management company’s stock worth $276,000 after buying an additional 1,906 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in Calamos Global Dynamic Income Fund by 3.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 58,443 shares of the investment management company’s stock worth $417,000 after acquiring an additional 2,103 shares during the period. Arete Wealth Advisors LLC raised its holdings in Calamos Global Dynamic Income Fund by 24.5% in the 3rd quarter. Arete Wealth Advisors LLC now owns 12,688 shares of the investment management company’s stock valued at $91,000 after acquiring an additional 2,496 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Calamos Global Dynamic Income Fund by 0.6% during the 2nd quarter. Private Advisor Group LLC now owns 434,038 shares of the investment management company’s stock valued at $2,978,000 after acquiring an additional 2,600 shares during the period.

About Calamos Global Dynamic Income Fund

Calamos Global Dynamic Income Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors.