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The fund can invest in convertibles and other fixed income securities with the aim of generating a high level of total return through a combination of capital appreciation and income. To help generate income and attempt to achieve a more favorable reward/risk profile, the fund’s investment team also has the flexibility to sell options.
Calamos Dynamic Conv & Income trades on the NASDAQ stock market under the symbol CCD.
As of March 27, 2024, CCD stock price declined to $21.97 with 119,598 million shares trading.
CCD has a beta of 1.14, meaning it tends to be more sensitive to market movements. CCD has a correlation of 0.47 to the broad based SPY ETF.
CCD has a market cap of $585.38 million. This is considered a Small Cap stock.
In the last 3 years, CCD stock traded as high as $33.80 and as low as $16.93.
CCD has underperformed the market in the last year with a price return of +18.0% while the SPY ETF gained +33.6%. However, in the short term, CCD had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.4% vs +10.1% return in SPY. But in the last 2 weeks, CCD shares have been beat by the market, returning -1.7% compared to an SPY return of +1.7%.
CCD support price is $21.79 and resistance is $22.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CCD stock will trade within this expected range on the day.