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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCDGet Free Report) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 79,200 shares, a growth of 1,314.3% from the January 15th total of 5,600 shares. Based on an average trading volume of 82,400 shares, the days-to-cover ratio is currently 1.0 days.

Calamos Dynamic Convertible and Income Fund Stock Performance

NASDAQ:CCD opened at $21.35 on Tuesday. The company’s 50-day simple moving average is $19.92 and its 200-day simple moving average is $19.43. Calamos Dynamic Convertible and Income Fund has a fifty-two week low of $16.93 and a fifty-two week high of $24.68.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, February 12th will be given a $0.195 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.34 dividend on an annualized basis and a dividend yield of 10.96%.

Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund

Several hedge funds have recently made changes to their positions in the company. Graves Light Lenhart Wealth Inc. acquired a new position in Calamos Dynamic Convertible and Income Fund in the 1st quarter valued at about $128,000. Comerica Bank acquired a new stake in Calamos Dynamic Convertible and Income Fund during the 3rd quarter worth $173,000. Primoris Wealth Advisors LLC purchased a new position in shares of Calamos Dynamic Convertible and Income Fund during the third quarter worth approximately $214,000. Atria Wealth Solutions Inc. acquired a new position in shares of Calamos Dynamic Convertible and Income Fund in the fourth quarter valued at approximately $225,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Calamos Dynamic Convertible and Income Fund by 6.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 11,087 shares of the company’s stock valued at $236,000 after purchasing an additional 661 shares during the period.

Calamos Dynamic Convertible and Income Fund Company Profile

(Get Free Report)

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.

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