Calamos Global Dynamic Income Fund (NASDAQ:CHW) Sees Significant Drop in Short Interest

Calamos Global Dynamic Income Fund (NASDAQ:CHW) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 60,115 shares, a drop of 41.9% from the July 30th total of 103,514 shares. Based on an average daily volume of 174,673 shares, the days-to-cover ratio is currently 0.3 days.

Calamos Global Dynamic Income Fund Stock Down 0.6%

Shares of CHW stock opened at $8.39 on Wednesday. The firm’s 50 day moving average price is $8.61 and its two-hundred day moving average price is $8.34. Calamos Global Dynamic Income Fund has a 52-week low of $6.98 and a 52-week high of $9.18.

Calamos Global Dynamic Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 21st. Investors of record on Monday, September 14th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%.

Insider Activity at Calamos Global Dynamic Income Fund

In other Calamos Global Dynamic Income Fund news, major shareholder Metlife Investment Management, purchased 440,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was bought at an average price of $25.00 per share, for a total transaction of $11,000,000.00. Following the transaction, the insider directly owned 157,600 shares in the company, valued at $3,940,000. This represents a -155.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On Calamos Global Dynamic Income Fund

Several hedge funds have recently added to or reduced their stakes in CHW. Royal Bank of Canada increased 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 acquiring an additional 118,085 shares during the last quarter. Jane Street Group LLC bought a new position in Calamos Global Dynamic Income Fund during the 1st quarter worth approximately $213,000. Raymond James Financial Inc. grew its holdings in 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 valued at $2,145,000 after purchasing an additional 22,807 shares during the period. Ameriprise Financial Inc. grew its holdings in Calamos Global Dynamic Income Fund by 3.5% during the second quarter. Ameriprise Financial Inc. now owns 255,929 shares of the investment management company’s stock valued at $1,829,000 after purchasing an additional 8,618 shares during the period. Finally, Captrust Financial Advisors increased its stake in Calamos Global Dynamic Income Fund by 66.4% in the second quarter. Captrust Financial Advisors now owns 31,416 shares of the investment management company’s stock valued at $224,000 after purchasing an additional 12,533 shares in the last quarter.

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.