Short Interest in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Rises By 122.1%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 66,113 shares, an increase of 122.1% from the July 15th total of 29,762 shares. Based on an average trading volume of 63,577 shares, the short-interest ratio is currently 1.0 days.

Calamos Dynamic Convertible and Income Fund Stock Down 0.9%

NASDAQ:CCD traded down $0.23 during trading hours on Friday, hitting $26.19. The stock had a trading volume of 81,886 shares, compared to its average volume of 86,482. Calamos Dynamic Convertible and Income Fund has a one year low of $19.99 and a one year high of $26.99. The company has a 50 day simple moving average of $25.35 and a two-hundred day simple moving average of $23.99.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be paid a $0.195 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. World Equity Group Inc. boosted its holdings in Calamos Dynamic Convertible and Income Fund by 106.7% in the first quarter. World Equity Group Inc. now owns 46,266 shares of the company’s stock worth $988,000 after purchasing an additional 23,882 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Calamos Dynamic Convertible and Income Fund by 3.9% during the first quarter. D.A. Davidson & CO. now owns 622,462 shares of the company’s stock valued at $13,290,000 after purchasing an additional 23,349 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Calamos Dynamic Convertible and Income Fund by 4.7% in the first quarter. International Assets Investment Management LLC now owns 14,017 shares of the company’s stock worth $310,000 after purchasing an additional 635 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Calamos Dynamic Convertible and Income Fund during the 1st quarter valued at $161,000. Finally, Kestra Advisory Services LLC increased its stake in Calamos Dynamic Convertible and Income Fund by 25.9% in the 1st quarter. Kestra Advisory Services LLC now owns 32,209 shares of the company’s stock worth $688,000 after buying an additional 6,635 shares in the last quarter.

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.