Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Short Interest Up 69.4% in March

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 102,929 shares, a growth of 69.4% from the February 26th total of 60,755 shares. Based on an average daily volume of 79,066 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital CS Group LLC grew its stake in Calamos Dynamic Convertible and Income Fund by 14.3% in the fourth quarter. Capital CS Group LLC now owns 21,509 shares of the company’s stock valued at $449,000 after purchasing an additional 2,694 shares in the last quarter. Triumph Capital Management bought a new stake in shares of Calamos Dynamic Convertible and Income Fund during the 3rd quarter worth approximately $65,000. PMG Family Office LLC acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund in the 3rd quarter valued at approximately $1,428,000. Landscape Capital Management L.L.C. boosted its holdings in shares of Calamos Dynamic Convertible and Income Fund by 90.8% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 388,963 shares of the company’s stock valued at $8,184,000 after buying an additional 185,127 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Calamos Dynamic Convertible and Income Fund by 1.9% in the third quarter. Oppenheimer & Co. Inc. now owns 36,334 shares of the company’s stock valued at $764,000 after buying an additional 682 shares in the last quarter.

Calamos Dynamic Convertible and Income Fund Trading Down 2.8%

Shares of CCD stock opened at $20.61 on Friday. Calamos Dynamic Convertible and Income Fund has a 1 year low of $18.12 and a 1 year high of $23.18. The firm’s fifty day moving average price is $22.43 and its two-hundred day moving average price is $21.76.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 13th were issued a $0.195 dividend. The ex-dividend date was Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 11.4%.

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.