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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 51,195 shares, an increase of 27.8% from the January 15th total of 40,053 shares. Based on an average trading volume of 84,891 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 84,891 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of CCD. Landscape Capital Management L.L.C. grew its position in shares of Calamos Dynamic Convertible and Income Fund by 90.8% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 388,963 shares of the company’s stock worth $8,184,000 after purchasing an additional 185,127 shares in the last quarter. PMG Family Office LLC bought a new stake in shares of Calamos Dynamic Convertible and Income Fund in the third quarter valued at approximately $1,428,000. Wolverine Asset Management LLC acquired a new stake in Calamos Dynamic Convertible and Income Fund during the second quarter worth approximately $1,025,000. Absolute Investment Advisers LLC bought a new position in Calamos Dynamic Convertible and Income Fund during the 4th quarter worth $724,000. Finally, Bank of America Corp DE raised its holdings in Calamos Dynamic Convertible and Income Fund by 11.1% in the 2nd quarter. Bank of America Corp DE now owns 328,473 shares of the company’s stock valued at $6,624,000 after acquiring an additional 32,794 shares in the last quarter.

Calamos Dynamic Convertible and Income Fund Trading Up 0.3%

Shares of NASDAQ CCD opened at $22.94 on Tuesday. The business’s 50 day moving average is $22.02 and its 200-day moving average is $21.42. Calamos Dynamic Convertible and Income Fund has a 1-year low of $18.12 and a 1-year high of $24.73.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 23rd. Investors of record on Friday, February 13th will be paid a $0.195 dividend. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 10.2%.

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.