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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 60,755 shares, a growth of 51.6% from the February 12th total of 40,085 shares. Based on an average daily volume of 72,174 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 72,174 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC acquired a new position in Calamos Dynamic Convertible and Income Fund during the third quarter worth $27,000. Advisory Services Network LLC acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund in the 3rd quarter worth $35,000. Farther Finance Advisors LLC purchased a new position in shares of Calamos Dynamic Convertible and Income Fund during the 3rd quarter worth $52,000. Triumph Capital Management acquired a new position in shares of Calamos Dynamic Convertible and Income Fund during the 3rd quarter valued at about $65,000. Finally, Abel Hall LLC purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund in the fourth quarter valued at about $209,000.

Calamos Dynamic Convertible and Income Fund Stock Down 0.3%

Shares of CCD opened at $21.85 on Friday. The firm’s fifty day moving average is $22.52 and its two-hundred day moving average is $21.69. Calamos Dynamic Convertible and Income Fund has a 52-week low of $18.12 and a 52-week high of $23.18.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 13th will be paid a $0.195 dividend. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Friday, March 13th.

Calamos Dynamic Convertible and Income Fund Company Profile

Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD) is a diversified, closed-end management investment company that seeks total return through a combination of current income and capital appreciation. Listed on the NASDAQ Global Select Market, CCD provides investors access to a portfolio primarily composed of convertible securities, supplemented by fixed-income and equity instruments. By blending the features of bonds and equity, the fund aims to capture upside potential in rising markets while offering downside protection in more volatile conditions.

The fund’s investment strategy emphasizes convertible bonds, convertible preferred stocks, and other hybrid instruments, alongside selective allocations to corporate debt, high-yield securities, common stocks, and derivative overlays.