Short Interest in Calamos Global Dynamic Income Fund (NASDAQ:CHW) Declines By 41.9%

Calamos Global Dynamic Income Fund (NASDAQ:CHW) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 60,115 shares, a decrease of 41.9% from the July 30th total of 103,514 shares. Based on an average daily trading volume, of 174,673 shares, the days-to-cover ratio is presently 0.3 days.

Calamos Global Dynamic Income Fund Stock Down 1.2%

CHW stock traded down $0.10 during trading on Monday, reaching $8.44. The stock had a trading volume of 153,130 shares, compared to its average volume of 203,784. Calamos Global Dynamic Income Fund has a 52 week low of $6.98 and a 52 week high of $9.18. The stock’s 50 day moving average is $8.63 and its two-hundred day moving average is $8.34.

Calamos Global Dynamic Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 14th were paid a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date was Friday, August 14th.

Insider Activity

In other news, major shareholder Metlife Investment Management, purchased 440,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $11,000,000.00. Following the purchase, the insider directly owned 157,600 shares in the company, valued at approximately $3,940,000. This represents a -155.81% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hedge Funds Weigh In On Calamos Global Dynamic Income Fund

Institutional investors have recently made changes to their positions in the business. Retirement Planning Group LLC purchased a new stake in shares of Calamos Global Dynamic Income Fund in the 1st quarter worth $111,000. Fifth Third Bancorp lifted its position in Calamos Global Dynamic Income Fund by 3,968.0% during the first quarter. Fifth Third Bancorp now owns 77,617 shares of the investment management company’s stock valued at $563,000 after purchasing an additional 75,709 shares in the last quarter. Altium Capital Management LLC lifted its position in Calamos Global Dynamic Income Fund by 149.5% during the first quarter. Altium Capital Management LLC now owns 328,901 shares of the investment management company’s stock valued at $2,388,000 after purchasing an additional 197,098 shares in the last quarter. Kestra Advisory Services LLC grew its holdings 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 valued at $455,000 after purchasing an additional 1,856 shares during the period. Finally, Capital Financial Group Inc. Co. ADV bought a new stake in Calamos Global Dynamic Income Fund during the first quarter valued at about $76,000.

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.