Short Interest in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Expands By 79.7%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 291,300 shares, a growth of 79.7% from the February 29th total of 162,100 shares. Based on an average daily trading volume, of 95,800 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Several large investors have recently added to or reduced their stakes in CCD. Wells Fargo & Company MN raised its holdings in Calamos Dynamic Convertible and Income Fund by 8.0% in the 2nd quarter. Wells Fargo & Company MN now owns 1,165,137 shares of the company’s stock worth $25,330,000 after purchasing an additional 86,600 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Calamos Dynamic Convertible and Income Fund by 2.8% during the first quarter. Advisors Asset Management Inc. now owns 452,324 shares of the company’s stock valued at $11,616,000 after acquiring an additional 12,275 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Calamos Dynamic Convertible and Income Fund by 17.2% during the fourth quarter. D.A. Davidson & CO. now owns 447,634 shares of the company’s stock valued at $8,854,000 after acquiring an additional 65,672 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Calamos Dynamic Convertible and Income Fund by 7.1% during the first quarter. Bank of America Corp DE now owns 318,708 shares of the company’s stock valued at $6,788,000 after acquiring an additional 21,209 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Calamos Dynamic Convertible and Income Fund by 1.9% during the fourth quarter. Truist Financial Corp now owns 153,125 shares of the company’s stock valued at $3,138,000 after acquiring an additional 2,805 shares during the last quarter.

Calamos Dynamic Convertible and Income Fund Price Performance

Shares of Calamos Dynamic Convertible and Income Fund stock traded down $0.17 on Thursday, reaching $21.80. The company had a trading volume of 197,485 shares, compared to its average volume of 99,167. Calamos Dynamic Convertible and Income Fund has a 1 year low of $16.93 and a 1 year high of $24.68. The firm’s 50-day moving average price is $21.31 and its two-hundred day moving average price is $19.75.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 14th were issued a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $2.34 dividend on an annualized basis and a dividend yield of 10.73%.

About Calamos Dynamic Convertible and Income Fund

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.