Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Short Interest Update

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 166,500 shares, a decrease of 24.4% from the March 15th total of 220,100 shares. Based on an average daily volume of 64,700 shares, the days-to-cover ratio is presently 2.6 days.

Calamos Dynamic Convertible and Income Fund Stock Performance

CCD traded up $0.08 on Friday, reaching $20.37. The company had a trading volume of 44,102 shares, compared to its average volume of 66,249. The company has a fifty day moving average of $21.95 and a 200-day moving average of $23.57. Calamos Dynamic Convertible and Income Fund has a one year low of $18.12 and a one year high of $26.16.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 11th will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $2.34 dividend on an annualized basis and a dividend yield of 11.49%.

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCD. Stifel Financial Corp increased its position in shares of Calamos Dynamic Convertible and Income Fund by 3.3% during the 3rd quarter. Stifel Financial Corp now owns 18,632 shares of the company’s stock valued at $473,000 after purchasing an additional 595 shares during the period. World Equity Group Inc. grew its holdings in Calamos Dynamic Convertible and Income Fund by 3.7% during the fourth quarter. World Equity Group Inc. now owns 19,950 shares of the company’s stock worth $485,000 after acquiring an additional 716 shares during the period. Arete Wealth Advisors LLC raised its position in Calamos Dynamic Convertible and Income Fund by 2.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 33,264 shares of the company’s stock worth $806,000 after acquiring an additional 779 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Calamos Dynamic Convertible and Income Fund by 3.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 31,517 shares of the company’s stock worth $766,000 after acquiring an additional 1,010 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Calamos Dynamic Convertible and Income Fund in the 3rd quarter valued at about $30,000.

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.