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

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

Calamos Dynamic Convertible and Income Fund Price Performance

Shares of NASDAQ CCD traded up $0.06 during midday trading on Friday, hitting $24.97. 74,226 shares of the company traded hands, compared to its average volume of 81,425. Calamos Dynamic Convertible and Income Fund has a 12-month low of $16.93 and a 12-month high of $25.69. The stock has a 50-day moving average price of $23.61 and a 200 day moving average price of $22.79.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

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

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

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