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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 476,800 shares, an increase of 32.1% from the August 31st total of 361,000 shares. Based on an average daily volume of 69,900 shares, the days-to-cover ratio is currently 6.8 days.

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund during the 2nd quarter valued at $46,000. Quad Cities Investment Group LLC acquired a new position in shares of Calamos Dynamic Convertible and Income Fund in the 1st quarter worth $201,000. Primoris Wealth Advisors LLC raised its position in shares of Calamos Dynamic Convertible and Income Fund by 10.7% during the first quarter. Primoris Wealth Advisors LLC now owns 12,950 shares of the company’s stock worth $282,000 after purchasing an additional 1,250 shares during the period. World Equity Group Inc. lifted its holdings in shares of Calamos Dynamic Convertible and Income Fund by 4.0% during the second quarter. World Equity Group Inc. now owns 17,273 shares of the company’s stock valued at $388,000 after purchasing an additional 666 shares during the last quarter. Finally, Herold Advisors Inc. boosted its position in shares of Calamos Dynamic Convertible and Income Fund by 2.5% in the 2nd quarter. Herold Advisors Inc. now owns 22,725 shares of the company’s stock valued at $510,000 after purchasing an additional 565 shares during the period.

Calamos Dynamic Convertible and Income Fund Stock Up 0.2 %

Shares of CCD stock traded up $0.06 during mid-day trading on Friday, hitting $24.97. 74,226 shares of the stock traded hands, compared to its average volume of 81,425. Calamos Dynamic Convertible and Income Fund has a twelve month low of $16.93 and a twelve month high of $25.69. The company’s 50-day simple moving average is $23.61 and its 200-day simple moving average is $22.79.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 18th. Investors of record on Friday, September 13th were issued a dividend of $0.195 per share. This represents a $2.34 dividend on an annualized basis and a yield of 9.37%. The ex-dividend date was Friday, September 13th.

Calamos Dynamic Convertible and Income Fund Company Profile

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.