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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 217,400 shares, a drop of 16.0% from the February 13th total of 258,800 shares. Based on an average daily trading volume, of 60,100 shares, the days-to-cover ratio is currently 3.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Stifel Financial Corp lifted its position in shares of Calamos Dynamic Convertible and Income Fund by 3.3% during the third quarter. Stifel Financial Corp now owns 18,632 shares of the company’s stock worth $473,000 after purchasing an additional 595 shares in the last quarter. World Equity Group Inc. lifted its position in shares of Calamos Dynamic Convertible and Income Fund by 3.7% during the fourth quarter. World Equity Group Inc. now owns 19,950 shares of the company’s stock worth $485,000 after purchasing an additional 716 shares in the last quarter. Arete Wealth Advisors LLC lifted its position in shares of Calamos Dynamic Convertible and Income Fund by 2.5% during the third quarter. Arete Wealth Advisors LLC now owns 32,485 shares of the company’s stock worth $824,000 after purchasing an additional 778 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Calamos Dynamic Convertible and Income Fund by 3.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 31,517 shares of the company’s stock worth $766,000 after purchasing an additional 1,010 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Calamos Dynamic Convertible and Income Fund during the third quarter worth $30,000.

Calamos Dynamic Convertible and Income Fund Trading Down 0.8 %

Shares of NASDAQ:CCD opened at $21.61 on Tuesday. The business’s 50-day simple moving average is $23.72 and its 200 day simple moving average is $24.21. Calamos Dynamic Convertible and Income Fund has a one year low of $20.69 and a one year high of $26.16.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $2.34 dividend on an annualized basis and a dividend yield of 10.83%.

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.