Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Short Interest Update

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 228,000 shares, a decline of 6.1% from the January 15th total of 242,800 shares. Based on an average daily trading volume, of 52,600 shares, the short-interest ratio is presently 4.3 days.

Calamos Dynamic Convertible and Income Fund Price Performance

Shares of NASDAQ CCD opened at $24.54 on Wednesday. The company’s 50-day moving average price is $24.35 and its 200 day moving average price is $24.26. Calamos Dynamic Convertible and Income Fund has a 52 week low of $20.69 and a 52 week high of $26.16.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, February 13th will be given a $0.195 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $2.34 annualized dividend and a dividend yield of 9.54%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Eastern Bank acquired a new stake in Calamos Dynamic Convertible and Income Fund during the 4th quarter valued at $47,000. Capital CS Group LLC lifted its holdings in Calamos Dynamic Convertible and Income Fund by 7.5% in the 4th quarter. Capital CS Group LLC now owns 30,854 shares of the company’s stock valued at $750,000 after purchasing an additional 2,161 shares in the last quarter. Quad Cities Investment Group LLC lifted its holdings in Calamos Dynamic Convertible and Income Fund by 9.0% in the 4th quarter. Quad Cities Investment Group LLC now owns 17,129 shares of the company’s stock valued at $416,000 after purchasing an additional 1,411 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund during the 3rd quarter worth about $30,000. Finally, ORG Partners LLC purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund during the fourth quarter worth about $46,000.

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.