Short Interest in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Drops By 16.0%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 217,400 shares, a drop of 16.0% from the February 13th total of 258,800 shares. Based on an average daily volume of 60,100 shares, the short-interest ratio is currently 3.6 days.

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCD. Stifel Financial Corp grew its stake in shares of Calamos Dynamic Convertible and Income Fund by 3.3% during the third quarter. Stifel Financial Corp now owns 18,632 shares of the company’s stock valued at $473,000 after purchasing an additional 595 shares during the last quarter. World Equity Group Inc. lifted its holdings in Calamos Dynamic Convertible and Income Fund by 3.7% during the 4th quarter. World Equity Group Inc. now owns 19,950 shares of the company’s stock worth $485,000 after buying an additional 716 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in Calamos Dynamic Convertible and Income Fund by 2.5% in the 3rd quarter. Arete Wealth Advisors LLC now owns 32,485 shares of the company’s stock valued at $824,000 after buying an additional 778 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Calamos Dynamic Convertible and Income Fund by 3.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 31,517 shares of the company’s stock valued at $766,000 after buying an additional 1,010 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund in the 3rd quarter valued at $30,000.

Calamos Dynamic Convertible and Income Fund Price Performance

Calamos Dynamic Convertible and Income Fund stock opened at $21.86 on Thursday. The business’s fifty day moving average is $23.62 and its two-hundred day moving average is $24.18. Calamos Dynamic Convertible and Income Fund has a 52 week low of $20.69 and a 52 week high of $26.16.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 13th will be given a dividend of $0.195 per share. The ex-dividend date is Thursday, March 13th. This represents a $2.34 annualized dividend and a yield of 10.70%.

Calamos Dynamic Convertible and Income Fund Company Profile

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.