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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 32,900 shares, an increase of 176.5% from the December 15th total of 11,900 shares. Based on an average daily volume of 52,400 shares, the days-to-cover ratio is presently 0.6 days.

Calamos Dynamic Convertible and Income Fund stock opened at $29.43 on Friday. Calamos Dynamic Convertible and Income Fund has a fifty-two week low of $28.21 and a fifty-two week high of $34.00. The firm’s 50-day simple moving average is $31.07 and its 200 day simple moving average is $31.16.

The business also recently announced a monthly dividend, which was paid on Friday, January 14th. Shareholders of record on Friday, December 31st were paid a $0.195 dividend. This represents a $2.34 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date of this dividend was Thursday, December 30th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCD. Advisor Group Holdings Inc. boosted its stake in Calamos Dynamic Convertible and Income Fund by 11.1% in the second quarter. Advisor Group Holdings Inc. now owns 11,240 shares of the company’s stock valued at $350,000 after acquiring an additional 1,125 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV boosted its stake in Calamos Dynamic Convertible and Income Fund by 41.9% in the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 14,235 shares of the company’s stock valued at $444,000 after acquiring an additional 4,200 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Calamos Dynamic Convertible and Income Fund by 5.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 69,497 shares of the company’s stock valued at $2,166,000 after acquiring an additional 3,732 shares during the last quarter. Mutual Advisors LLC boosted its stake in Calamos Dynamic Convertible and Income Fund by 12.8% in the second quarter. Mutual Advisors LLC now owns 44,980 shares of the company’s stock valued at $1,402,000 after acquiring an additional 5,105 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Calamos Dynamic Convertible and Income Fund in the second quarter valued at approximately $33,000.

Calamos Dynamic Convertible and Income Fund Company Profile

Calamos Dynamic Convertible & Income Fund is a closed-end management investment company which engages in the provision of total return through a combination of capital appreciation and current income. The company was founded on March 11, 2014 and is headquartered in Chicago, IL.

Further Reading: Leveraged Buyout (LBO)

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