Short Interest in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Declines By 21.7%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 40,085 shares, a drop of 21.7% from the January 29th total of 51,195 shares. Based on an average daily volume of 88,365 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 88,365 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. boosted its stake in Calamos Dynamic Convertible and Income Fund by 90.8% during the third quarter. Landscape Capital Management L.L.C. now owns 388,963 shares of the company’s stock worth $8,184,000 after buying an additional 185,127 shares during the period. PMG Family Office LLC acquired a new position in shares of Calamos Dynamic Convertible and Income Fund in the 3rd quarter worth approximately $1,428,000. Wolverine Asset Management LLC purchased a new stake in Calamos Dynamic Convertible and Income Fund in the second quarter valued at approximately $1,025,000. Readystate Asset Management LP boosted its position in shares of Calamos Dynamic Convertible and Income Fund by 144.0% during the fourth quarter. Readystate Asset Management LP now owns 58,054 shares of the company’s stock worth $1,209,000 after buying an additional 34,261 shares during the period. Finally, Absolute Investment Advisers LLC purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund in the 4th quarter valued at $724,000.

Calamos Dynamic Convertible and Income Fund Price Performance

Calamos Dynamic Convertible and Income Fund stock opened at $22.62 on Wednesday. The firm has a 50 day simple moving average of $22.39 and a 200-day simple moving average of $21.61. Calamos Dynamic Convertible and Income Fund has a 1-year low of $18.12 and a 1-year high of $23.18.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 13th will be given a $0.195 dividend. This represents a c) annualized dividend and a yield of 10.3%. The ex-dividend date is Friday, March 13th.

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.