Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Short Interest Update

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 66,113 shares, an increase of 122.1% from the July 15th total of 29,762 shares. Based on an average daily volume of 63,577 shares, the days-to-cover ratio is currently 1.0 days.

Calamos Dynamic Convertible and Income Fund Stock Performance

Shares of NASDAQ CCD traded down $0.23 during trading hours on Friday, hitting $26.19. 81,886 shares of the company traded hands, compared to its average volume of 86,482. The company’s 50 day moving average price is $25.35 and its 200 day moving average price is $23.99. Calamos Dynamic Convertible and Income Fund has a 12 month low of $19.99 and a 12 month high of $26.99.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.195 per share. This represents a c) annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. D.A. Davidson & CO. lifted its holdings in shares of Calamos Dynamic Convertible and Income Fund by 3.9% in the 1st quarter. D.A. Davidson & CO. now owns 622,462 shares of the company’s stock worth $13,290,000 after acquiring an additional 23,349 shares during the last quarter. Bank of America Corp DE grew its holdings in Calamos Dynamic Convertible and Income Fund by 11.1% during the 2nd quarter. Bank of America Corp DE now owns 328,473 shares of the company’s stock valued at $6,624,000 after purchasing an additional 32,794 shares during the last quarter. Guggenheim Capital LLC raised its position in Calamos Dynamic Convertible and Income Fund by 4.2% in the 4th quarter. Guggenheim Capital LLC now owns 257,289 shares of the company’s stock worth $5,357,000 after purchasing an additional 10,370 shares during the period. Royal Bank of Canada raised its position in Calamos Dynamic Convertible and Income Fund by 4.5% in the 1st quarter. Royal Bank of Canada now owns 185,980 shares of the company’s stock worth $3,971,000 after purchasing an additional 8,068 shares during the period. Finally, Truist Financial Corp raised its position in Calamos Dynamic Convertible and Income Fund by 1.4% in the 4th quarter. Truist Financial Corp now owns 108,792 shares of the company’s stock worth $2,269,000 after purchasing an additional 1,461 shares during the period.

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.