Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Stock Short Interest Report for September

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 16,457 shares, a drop of 59.2% from the September 15th total of 40,367 shares. Based on an average trading volume of 69,144 shares, the short-interest ratio is currently 0.2 days.

Calamos Dynamic Convertible and Income Fund Stock Performance

Shares of CCD traded down $1.02 during trading hours on Wednesday, hitting $23.03. 34,693 shares of the company were exchanged, compared to its average volume of 81,787. Calamos Dynamic Convertible and Income Fund has a fifty-two week low of $19.99 and a fifty-two week high of $26.99. The firm’s fifty day moving average is $24.34 and its 200 day moving average is $24.46.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 21st. Investors of record on Wednesday, October 14th will be paid a $0.1950 dividend. This represents a $2.34 dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend is Wednesday, October 14th.

Insider Buying and Selling

In related news, major shareholder Metlife Investment Management, acquired 880,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average cost of $25.00 per share, with a total value of $22,000,000.00. Following the acquisition, the insider directly owned 296,000 shares of the company’s stock, valued at approximately $7,400,000. The trade was a -150.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of CCD. Apeiron RIA LLC increased its stake in shares of Calamos Dynamic Convertible and Income Fund by 3.8% in the third quarter. Apeiron RIA LLC now owns 12,266 shares of the company’s stock valued at $276,000 after buying an additional 446 shares during the period. Quad Cities Investment Group LLC raised its holdings in Calamos Dynamic Convertible and Income Fund by 2.8% in the 2nd quarter. Quad Cities Investment Group LLC now owns 17,038 shares of the company’s stock valued at $439,000 after buying 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% in 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 position in Calamos Dynamic Convertible and Income Fund in the 2nd quarter valued at approximately $26,000. Finally, Harborfront Financial Group LLC acquired a new stake in Calamos Dynamic Convertible and Income Fund during the 2nd quarter worth approximately $32,000.

Calamos Dynamic Convertible and Income Fund Company Profile

Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD) is a closed-end investment company managed by Calamos Advisors LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.

CCD invests primarily in convertible securities and other income-producing investments, including corporate debt, high-yield bonds, preferred stocks and common stocks. Convertible securities may provide the potential for equity participation while retaining bond-like income and downside characteristics, although the fund’s portfolio is subject to credit, interest-rate and market risks.

The fund may invest in securities issued by companies in the United States and other countries, giving it exposure to a range of industries and global markets.