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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 228,000 shares, a decline of 6.1% from the January 15th total of 242,800 shares. Based on an average trading volume of 52,600 shares, the days-to-cover ratio is currently 4.3 days.

Calamos Dynamic Convertible and Income Fund Stock Down 0.4 %

NASDAQ:CCD opened at $24.43 on Thursday. The company has a 50-day moving average of $24.38 and a 200 day moving average of $24.28. Calamos Dynamic Convertible and Income Fund has a 1-year low of $20.69 and a 1-year high of $26.16.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.195 per share. The ex-dividend date is Thursday, February 13th. This represents a $2.34 dividend on an annualized basis and a dividend yield of 9.58%.

Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund

Several institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new position in shares of Calamos Dynamic Convertible and Income Fund in the 3rd quarter valued at $28,780,000. Raymond James Financial Inc. purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund during the fourth quarter valued at about $2,634,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund during the third quarter valued at about $600,000. D.A. Davidson & CO. boosted its holdings in shares of Calamos Dynamic Convertible and Income Fund by 2.7% in the 4th quarter. D.A. Davidson & CO. now owns 569,456 shares of the company’s stock valued at $13,841,000 after buying an additional 15,089 shares in the last quarter. Finally, Guggenheim Capital LLC grew its position in shares of Calamos Dynamic Convertible and Income Fund by 4.6% in the 4th quarter. Guggenheim Capital LLC now owns 340,300 shares of the company’s stock worth $8,273,000 after buying an additional 14,877 shares during the last quarter.

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.