Short Interest in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Declines By 38.6%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 36,197 shares, a decline of 38.6% from the December 15th total of 58,980 shares. Based on an average daily volume of 83,365 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 83,365 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund in the 3rd quarter valued at about $27,000. Advisory Services Network LLC purchased a new stake in Calamos Dynamic Convertible and Income Fund in the third quarter valued at approximately $35,000. Farther Finance Advisors LLC bought a new stake in Calamos Dynamic Convertible and Income Fund during the third quarter valued at approximately $52,000. Triumph Capital Management purchased a new position in Calamos Dynamic Convertible and Income Fund in the 3rd quarter worth approximately $65,000. Finally, Brookstone Capital Management purchased a new position in Calamos Dynamic Convertible and Income Fund in the 4th quarter worth approximately $248,000.

Calamos Dynamic Convertible and Income Fund Stock Performance

Shares of NASDAQ CCD opened at $22.53 on Friday. Calamos Dynamic Convertible and Income Fund has a 52 week low of $18.12 and a 52 week high of $24.89. The business has a 50-day simple moving average of $21.34 and a two-hundred day simple moving average of $21.09.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 9th. Stockholders of record on Tuesday, December 30th were given a dividend of $0.195 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date was Tuesday, December 30th.

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.