Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Sees Significant Increase in Short Interest

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 476,800 shares, a growth of 32.1% from the August 31st total of 361,000 shares. Based on an average daily trading volume, of 69,900 shares, the days-to-cover ratio is presently 6.8 days.

Calamos Dynamic Convertible and Income Fund Stock Up 0.2 %

NASDAQ:CCD traded up $0.06 during trading hours on Friday, hitting $24.97. 74,226 shares of the company’s stock traded hands, compared to its average volume of 81,425. The stock’s fifty day moving average price is $23.61 and its two-hundred day moving average price is $22.79. Calamos Dynamic Convertible and Income Fund has a twelve month low of $16.93 and a twelve month high of $25.69.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Friday, September 13th were issued a $0.195 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.34 dividend on an annualized basis and a dividend yield of 9.37%.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC acquired a new position in Calamos Dynamic Convertible and Income Fund in the 2nd quarter valued at approximately $46,000. Quad Cities Investment Group LLC purchased a new position in shares of Calamos Dynamic Convertible and Income Fund during the 1st quarter valued at $201,000. Primoris Wealth Advisors LLC raised its holdings in shares of Calamos Dynamic Convertible and Income Fund by 10.7% during the first quarter. Primoris Wealth Advisors LLC now owns 12,950 shares of the company’s stock worth $282,000 after acquiring an additional 1,250 shares in the last quarter. World Equity Group Inc. boosted its position in Calamos Dynamic Convertible and Income Fund by 4.0% during the second quarter. World Equity Group Inc. now owns 17,273 shares of the company’s stock valued at $388,000 after purchasing an additional 666 shares during the last quarter. Finally, Herold Advisors Inc. grew its stake in Calamos Dynamic Convertible and Income Fund by 2.5% in the second quarter. Herold Advisors Inc. now owns 22,725 shares of the company’s stock valued at $510,000 after purchasing an additional 565 shares in the last quarter.

Calamos Dynamic Convertible and Income Fund Company Profile

Calamos Dynamic Convertible and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a portfolio of convertible securities, investment grade and below investment grade bonds, loans, equity-linked notes, and floating rate securities.