Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Stock Short Interest Declines 55.2%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 40,367 shares, a decrease of 55.2% from the August 31st total of 90,047 shares. Based on an average daily volume of 57,158 shares, the days-to-cover ratio is currently 0.7 days.

Insider Buying and Selling at Calamos Dynamic Convertible and Income Fund

In other Calamos Dynamic Convertible and Income Fund news, major shareholder Metlife Investment Management, acquired 880,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average price of $25.00 per share, for a total transaction of $22,000,000.00. Following the completion of the transaction, the insider owned 296,000 shares of the company’s stock, valued at approximately $7,400,000. This represents a -150.68% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

Hedge funds have recently bought and sold shares of the stock. Quad Cities Investment Group LLC grew its holdings in shares of Calamos Dynamic Convertible and Income Fund by 2.8% in the second quarter. Quad Cities Investment Group LLC now owns 17,038 shares of the company’s stock worth $439,000 after purchasing an additional 471 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Calamos Dynamic Convertible and Income Fund by 4.7% during the 1st quarter. International Assets Investment Management LLC now owns 14,017 shares of the company’s stock valued at $310,000 after buying an additional 635 shares during the last quarter. Allworth Financial LP bought a new stake in Calamos Dynamic Convertible and Income Fund during the 2nd quarter valued at $26,000. Harborfront Financial Group LLC purchased a new stake in Calamos Dynamic Convertible and Income Fund during the 2nd quarter valued at $32,000. Finally, PMG Family Office LLC boosted its position in Calamos Dynamic Convertible and Income Fund by 4.0% during the 1st quarter. PMG Family Office LLC now owns 57,566 shares of the company’s stock valued at $1,229,000 after buying an additional 2,193 shares during the period.

Calamos Dynamic Convertible and Income Fund Price Performance

NASDAQ CCD traded down $0.02 during trading on Tuesday, reaching $22.39. The company’s stock had a trading volume of 51,904 shares, compared to its average volume of 81,471. The firm has a fifty day moving average of $24.71 and a 200 day moving average of $24.34. Calamos Dynamic Convertible and Income Fund has a one year low of $19.99 and a one year high of $26.99.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, September 21st. Investors of record on Monday, September 14th were given a $0.1950 dividend. This represents a $2.34 annualized dividend and a dividend yield of 10.4%. The ex-dividend date was Monday, September 14th.

Calamos Dynamic Convertible and Income Fund Company Profile

Calamos Dynamic Convertible and Income Fund is a diversified, closed-end investment fund managed by Calamos Advisors LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.

Its portfolio is dynamically allocated among convertible securities, high-yield corporate bonds and other income-producing investments. Convertible securities can offer both income and the potential to participate in the equity performance of the issuing company, while the fund’s broader mandate allows its managers to adjust exposure as market conditions change.

The fund may invest in securities issued by companies in the United States and other countries, providing exposure across multiple industries and geographic markets.