Short Interest in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Declines By 18.1%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 350,800 shares, a drop of 18.1% from the October 15th total of 428,500 shares. Based on an average daily trading volume, of 78,600 shares, the short-interest ratio is presently 4.5 days.

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund during the second quarter valued at about $46,000. Moors & Cabot Inc. purchased a new position in Calamos Dynamic Convertible and Income Fund in the third quarter valued at about $245,000. Quad Cities Investment Group LLC grew its stake in Calamos Dynamic Convertible and Income Fund by 59.1% during the 2nd quarter. Quad Cities Investment Group LLC now owns 14,690 shares of the company’s stock valued at $330,000 after purchasing an additional 5,458 shares in the last quarter. World Equity Group Inc. increased its holdings in Calamos Dynamic Convertible and Income Fund by 4.0% during 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 during the last quarter. Finally, Stifel Financial Corp raised its position in shares of Calamos Dynamic Convertible and Income Fund by 3.3% in 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 in the last quarter.

Calamos Dynamic Convertible and Income Fund Trading Down 0.5 %

Shares of CCD traded down $0.13 during midday trading on Friday, reaching $23.88. 26,643 shares of the company were exchanged, compared to its average volume of 80,770. Calamos Dynamic Convertible and Income Fund has a 1-year low of $18.58 and a 1-year high of $26.16. The stock has a 50-day moving average price of $24.77 and a 200-day moving average price of $23.54.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th will be issued a $0.195 dividend. This represents a $2.34 dividend on an annualized basis and a yield of 9.80%. The ex-dividend date of this dividend is Wednesday, November 13th.

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.