Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Short Interest Up 32.1% in September

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 476,800 shares, a growth of 32.1% from the August 31st total of 361,000 shares. Based on an average trading volume of 69,900 shares, the short-interest ratio is presently 6.8 days.

Calamos Dynamic Convertible and Income Fund Trading Up 0.2 %

CCD stock traded up $0.06 during mid-day trading on Friday, hitting $24.97. 74,226 shares of the stock were exchanged, compared to its average volume of 81,425. The business has a fifty day moving average price of $23.61 and a 200 day moving average price of $22.79. Calamos Dynamic Convertible and Income Fund has a 12 month low of $16.93 and a 12 month high of $25.69.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Friday, September 13th were paid a $0.195 dividend. This represents a $2.34 annualized dividend and a yield of 9.37%. The ex-dividend date was Friday, September 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC purchased a new position in shares of Calamos Dynamic Convertible and Income Fund in the second quarter worth about $46,000. Quad Cities Investment Group LLC purchased a new position in Calamos Dynamic Convertible and Income Fund in the 1st quarter worth approximately $201,000. Primoris Wealth Advisors LLC lifted its position in Calamos Dynamic Convertible and Income Fund by 10.7% in the first quarter. Primoris Wealth Advisors LLC now owns 12,950 shares of the company’s stock valued at $282,000 after purchasing an additional 1,250 shares during the last quarter. World Equity Group Inc. boosted its stake in shares of Calamos Dynamic Convertible and Income Fund by 4.0% during the second quarter. World Equity Group Inc. now owns 17,273 shares of the company’s stock valued at $388,000 after purchasing an additional 666 shares during the period. Finally, Herold Advisors Inc. boosted its stake in shares of Calamos Dynamic Convertible and Income Fund by 2.5% during the second quarter. Herold Advisors Inc. now owns 22,725 shares of the company’s stock valued at $510,000 after purchasing an additional 565 shares during the period.

About Calamos Dynamic Convertible and Income Fund

Calamos Dynamic Convertible and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a portfolio of convertible securities, investment grade and below investment grade bonds, loans, equity-linked notes, and floating rate securities.