Short Interest in Calamos Global Dynamic Income Fund (NASDAQ:CHW) Declines By 32.4%

Calamos Global Dynamic Income Fund (NASDAQ:CHW) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 25,982 shares, a decrease of 32.4% from the February 12th total of 38,449 shares. Based on an average daily trading volume, of 139,227 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 139,227 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in shares of Calamos Global Dynamic Income Fund by 91.7% in the 1st quarter. Royal Bank of Canada now owns 246,847 shares of the investment management company’s stock valued at $1,577,000 after purchasing an additional 118,085 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Calamos Global Dynamic Income Fund in the 1st quarter worth approximately $213,000. Guggenheim Capital LLC raised its position in Calamos Global Dynamic Income Fund by 7.7% in the 2nd quarter. Guggenheim Capital LLC now owns 1,039,131 shares of the investment management company’s stock valued at $7,409,000 after purchasing an additional 74,431 shares during the last quarter. Karpus Management Inc. boosted its stake in Calamos Global Dynamic Income Fund by 23.0% in the second quarter. Karpus Management Inc. now owns 1,656,186 shares of the investment management company’s stock worth $11,809,000 after purchasing an additional 310,155 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Calamos Global Dynamic Income Fund by 8.2% during the second quarter. Raymond James Financial Inc. now owns 300,860 shares of the investment management company’s stock worth $2,145,000 after purchasing an additional 22,807 shares during the last quarter.

Calamos Global Dynamic Income Fund Price Performance

Shares of Calamos Global Dynamic Income Fund stock traded down $0.12 during trading on Friday, hitting $7.43. 63,753 shares of the company’s stock traded hands, compared to its average volume of 181,323. Calamos Global Dynamic Income Fund has a twelve month low of $5.35 and a twelve month high of $8.34. The firm’s fifty day moving average price is $7.92 and its 200 day moving average price is $7.61.

Calamos Global Dynamic Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 13th will be given a dividend of $0.05 per share. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Friday, March 13th.

About Calamos Global Dynamic Income Fund

Calamos Global Dynamic Income Fund (NASDAQ: CHW) is a diversified, closed-end management investment company that seeks to provide high current income and capital appreciation. The fund pursues its objectives by investing across a broad range of income-producing securities, with an emphasis on global convertible and high-yield fixed income instruments. By combining traditional and non-traditional income sources, CHW aims to deliver a dynamic income stream that can adapt to varying market conditions.

The fund’s portfolio typically includes convertible bonds, corporate credit, preferred equities, emerging market debt and dividend-paying common stocks.