Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Short Interest Update

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 102,929 shares, a growth of 69.4% from the February 26th total of 60,755 shares. Based on an average trading volume of 79,066 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC acquired a new stake in Calamos Dynamic Convertible and Income Fund during the third quarter valued at approximately $27,000. Advisory Services Network LLC acquired a new position in Calamos Dynamic Convertible and Income Fund in the third quarter worth approximately $35,000. Farther Finance Advisors LLC bought a new position in shares of Calamos Dynamic Convertible and Income Fund in the third quarter valued at $52,000. Triumph Capital Management acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund during the 3rd quarter valued at $65,000. Finally, Abel Hall LLC bought a new stake in shares of Calamos Dynamic Convertible and Income Fund during the 4th quarter worth $209,000.

Calamos Dynamic Convertible and Income Fund Stock Performance

CCD traded down $0.52 during trading on Friday, reaching $20.70. The stock had a trading volume of 121,960 shares, compared to its average volume of 84,457. Calamos Dynamic Convertible and Income Fund has a 1-year low of $18.12 and a 1-year high of $23.18. The stock has a 50 day moving average of $22.47 and a two-hundred day moving average of $21.76.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 13th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a c) annualized dividend and a yield of 11.3%.

About Calamos Dynamic Convertible and Income Fund

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.