Calamos Global Dynamic Income Fund (NASDAQ:CHW) Sees Large Growth in Short Interest

Calamos Global Dynamic Income Fund (NASDAQ:CHW) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 54,078 shares, an increase of 232.3% from the June 30th total of 16,276 shares. Based on an average daily volume of 246,079 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its holdings in shares of Calamos Global Dynamic Income Fund by 4.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 32,207 shares of the investment management company’s stock valued at $239,000 after acquiring an additional 1,365 shares during the last quarter. Parallel Advisors LLC lifted its stake in Calamos Global Dynamic Income Fund by 23.5% during the third quarter. Parallel Advisors LLC now owns 7,196 shares of the investment management company’s stock worth $54,000 after purchasing an additional 1,371 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in Calamos Global Dynamic Income Fund by 3.1% during the first quarter. Kestra Advisory Services LLC now owns 62,658 shares of the investment management company’s stock worth $455,000 after purchasing an additional 1,856 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Calamos Global Dynamic Income Fund by 0.7% in the third quarter. Raymond James Financial Inc. now owns 303,063 shares of the investment management company’s stock valued at $2,285,000 after purchasing an additional 2,203 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Calamos Global Dynamic Income Fund by 1.2% in the fourth quarter. Royal Bank of Canada now owns 221,640 shares of the investment management company’s stock valued at $1,642,000 after purchasing an additional 2,582 shares in the last quarter.

Calamos Global Dynamic Income Fund Stock Performance

Shares of CHW stock traded down $0.02 on Friday, reaching $8.52. 236,430 shares of the stock were exchanged, compared to its average volume of 209,751. The business’s 50 day moving average price is $8.78 and its 200 day moving average price is $8.22. Calamos Global Dynamic Income Fund has a twelve month low of $6.98 and a twelve month high of $9.18.

Calamos Global Dynamic Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 14th were issued a dividend of $0.06 per share. This is a positive change from Calamos Global Dynamic Income Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 8.5%.

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.