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 growth in short interest in August. As of August 15th, there was short interest totalling 368,700 shares, a growth of 8.5% from the July 31st total of 339,900 shares. Based on an average trading volume of 60,500 shares, the short-interest ratio is presently 6.1 days.

Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund

Hedge funds have recently modified their holdings of the stock. D.A. Davidson & CO. grew its stake in shares of Calamos Dynamic Convertible and Income Fund by 17.2% in the fourth quarter. D.A. Davidson & CO. now owns 447,634 shares of the company’s stock valued at $8,854,000 after buying an additional 65,672 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Calamos Dynamic Convertible and Income Fund by 2.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 32,350 shares of the company’s stock valued at $640,000 after acquiring an additional 831 shares during the period. Quad Cities Investment Group LLC acquired a new position in shares of Calamos Dynamic Convertible and Income Fund during the 1st quarter worth about $201,000. Commonwealth Equity Services LLC raised its holdings in shares of Calamos Dynamic Convertible and Income Fund by 14.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 49,354 shares of the company’s stock valued at $1,076,000 after purchasing an additional 6,370 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Calamos Dynamic Convertible and Income Fund by 3.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 25,289 shares of the company’s stock valued at $551,000 after purchasing an additional 725 shares during the period.

Calamos Dynamic Convertible and Income Fund Trading Down 0.5 %

NASDAQ CCD opened at $23.63 on Wednesday. Calamos Dynamic Convertible and Income Fund has a 12-month low of $16.93 and a 12-month high of $23.95. The firm’s 50 day moving average is $23.13 and its 200-day moving average is $22.43.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 9th were given a dividend of $0.195 per share. The ex-dividend date was Friday, August 9th. This represents a $2.34 annualized dividend and a yield of 9.90%.

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.