Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Short Interest Down 60.5% in May

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 32,091 shares, a decline of 60.5% from the April 30th total of 81,338 shares. Based on an average daily volume of 99,303 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of CCD. Advisory Services Network LLC bought a new stake in shares of Calamos Dynamic Convertible and Income Fund during the third quarter worth $35,000. Western Wealth Management LLC bought a new stake in Calamos Dynamic Convertible and Income Fund during the 1st quarter valued at $53,000. Triumph Capital Management bought a new position in shares of Calamos Dynamic Convertible and Income Fund during the 3rd quarter worth $65,000. Fifth Third Bancorp purchased a new position in shares of Calamos Dynamic Convertible and Income Fund during the first quarter valued at $161,000. Finally, Abel Hall LLC bought a new stake in shares of Calamos Dynamic Convertible and Income Fund in the fourth quarter valued at about $209,000.

Calamos Dynamic Convertible and Income Fund Stock Up 0.6%

NASDAQ CCD traded up $0.14 on Friday, hitting $25.52. 81,586 shares of the stock were exchanged, compared to its average volume of 93,332. Calamos Dynamic Convertible and Income Fund has a 52-week low of $19.17 and a 52-week high of $25.55. The stock has a fifty day moving average price of $23.53 and a two-hundred day moving average price of $22.49.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were given a dividend of $0.195 per share. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date was Thursday, May 14th.

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.