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

Calamos Global Dynamic Income Fund (NASDAQ:CHW) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 103,514 shares, a growth of 91.4% from the July 15th total of 54,078 shares. Based on an average daily volume of 305,720 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Calamos Global Dynamic Income Fund

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Calamos Global Dynamic Income Fund by 91.7% during the first quarter. Royal Bank of Canada now owns 246,847 shares of the investment management company’s stock valued at $1,577,000 after purchasing an additional 118,085 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Calamos Global Dynamic Income Fund in the first quarter worth about $213,000. Raymond James Financial Inc. increased its stake in shares of Calamos Global Dynamic Income Fund by 8.2% in the second quarter. Raymond James Financial Inc. now owns 300,860 shares of the investment management company’s stock worth $2,145,000 after purchasing an additional 22,807 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Calamos Global Dynamic Income Fund by 3.5% in 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 lifted its stake in shares of Calamos Global Dynamic Income Fund by 66.4% during the 2nd quarter. Captrust Financial Advisors now owns 31,416 shares of the investment management company’s stock valued at $224,000 after buying an additional 12,533 shares in the last quarter.

Calamos Global Dynamic Income Fund Price Performance

NASDAQ CHW traded down $0.02 on Friday, hitting $8.67. 93,849 shares of the stock traded hands, compared to its average volume of 210,907. The business’s fifty day moving average is $8.67 and its two-hundred day moving average is $8.30. Calamos Global Dynamic Income Fund has a 12 month low of $6.98 and a 12 month high of $9.18.

Calamos Global Dynamic Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 8.3%.

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.