Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Short Interest Down 16.4% in December

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) saw a significant decrease in short interest in December. As of December 15th, there was short interest totalling 228,700 shares, a decrease of 16.4% from the November 30th total of 273,700 shares. Based on an average daily trading volume, of 69,500 shares, the days-to-cover ratio is currently 3.3 days.

Calamos Dynamic Convertible and Income Fund Stock Down 1.0 %

Shares of NASDAQ:CCD traded down $0.26 during mid-day trading on Friday, hitting $24.66. The stock had a trading volume of 50,195 shares, compared to its average volume of 77,800. The company’s 50 day moving average is $24.25 and its 200-day moving average is $23.88. Calamos Dynamic Convertible and Income Fund has a 12-month low of $19.13 and a 12-month high of $26.16.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $2.34 dividend on an annualized basis and a dividend yield of 9.49%.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of CCD. Wilmington Savings Fund Society FSB purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund in the third quarter worth approximately $30,000. EverSource Wealth Advisors LLC acquired a new position in Calamos Dynamic Convertible and Income Fund in the 2nd quarter valued at approximately $46,000. Moors & Cabot Inc. purchased a new stake in Calamos Dynamic Convertible and Income Fund in the 3rd quarter worth approximately $245,000. Quad Cities Investment Group LLC boosted its stake in shares of Calamos Dynamic Convertible and Income Fund by 7.0% during the 3rd quarter. Quad Cities Investment Group LLC now owns 15,718 shares of the company’s stock valued at $399,000 after buying an additional 1,028 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of Calamos Dynamic Convertible and Income Fund by 3.3% during the 3rd quarter. Stifel Financial Corp now owns 18,632 shares of the company’s stock valued at $473,000 after acquiring an additional 595 shares in the last quarter.

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.