Short Interest in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Drops By 7.5%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 269,500 shares, a drop of 7.5% from the March 15th total of 291,300 shares. Based on an average daily trading volume, of 104,000 shares, the days-to-cover ratio is currently 2.6 days.

Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Holdings Inc. lifted its position in Calamos Dynamic Convertible and Income Fund by 42.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 31,976 shares of the company’s stock valued at $655,000 after purchasing an additional 9,563 shares in the last quarter. Royal Bank of Canada lifted its position in Calamos Dynamic Convertible and Income Fund by 5.3% during the third quarter. Royal Bank of Canada now owns 131,395 shares of the company’s stock valued at $2,632,000 after purchasing an additional 6,621 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Calamos Dynamic Convertible and Income Fund by 3.7% during the third quarter. Envestnet Asset Management Inc. now owns 39,013 shares of the company’s stock valued at $781,000 after purchasing an additional 1,404 shares in the last quarter. LPL Financial LLC lifted its position in Calamos Dynamic Convertible and Income Fund by 21.5% during the second quarter. LPL Financial LLC now owns 137,537 shares of the company’s stock valued at $2,949,000 after purchasing an additional 24,365 shares in the last quarter. Finally, UBS Group AG lifted its position in Calamos Dynamic Convertible and Income Fund by 30.1% during the second quarter. UBS Group AG now owns 90,687 shares of the company’s stock valued at $1,944,000 after purchasing an additional 21,005 shares in the last quarter.

Calamos Dynamic Convertible and Income Fund Trading Down 0.4 %

Shares of CCD traded down $0.09 on Tuesday, reaching $20.73. The stock had a trading volume of 65,731 shares, compared to its average volume of 103,503. The company has a 50-day simple moving average of $21.59 and a 200-day simple moving average of $19.94. Calamos Dynamic Convertible and Income Fund has a 12-month low of $16.93 and a 12-month high of $24.68.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 12th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $2.34 dividend on an annualized basis and a dividend yield of 11.29%.

About Calamos Dynamic Convertible and Income Fund

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.