Short Interest in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Expands By 51.6%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 60,755 shares, an increase of 51.6% from the February 12th total of 40,085 shares. Based on an average daily volume of 72,174 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 72,174 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

A number of large investors have recently made changes to their positions in CCD. Sound Income Strategies LLC purchased a new stake in Calamos Dynamic Convertible and Income Fund during the 3rd quarter worth about $27,000. Advisory Services Network LLC purchased a new position in Calamos Dynamic Convertible and Income Fund in the 3rd quarter valued at about $35,000. Farther Finance Advisors LLC acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund during the 3rd quarter worth about $52,000. Triumph Capital Management acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund during the 3rd quarter worth about $65,000. Finally, Abel Hall LLC purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund during the fourth quarter worth about $209,000.

Calamos Dynamic Convertible and Income Fund Stock Down 0.3%

CCD stock opened at $21.85 on Monday. The stock’s 50 day moving average price is $22.52 and its 200 day moving average price is $21.71. Calamos Dynamic Convertible and Income Fund has a 1 year low of $18.12 and a 1 year high of $23.18.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 13th will be issued a $0.195 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date of this dividend is Friday, March 13th.

About Calamos Dynamic Convertible and Income Fund

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.