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

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Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 12,200 shares, a drop of 81.6% from the December 15th total of 66,400 shares. Based on an average trading volume of 91,200 shares, the short-interest ratio is presently 0.1 days.

Shares of NASDAQ:CCD opened at $28.57 on Wednesday. Calamos Dynamic Convertible and Income Fund has a 1 year low of $9.62 and a 1 year high of $28.95. The business has a fifty day simple moving average of $27.98 and a 200 day simple moving average of $24.43.

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be issued a dividend of $0.167 per share. The ex-dividend date is Wednesday, December 30th. This represents a $2.00 annualized dividend and a dividend yield of 7.01%.

Several large investors have recently made changes to their positions in CCD. NEXT Financial Group Inc purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund during the third quarter worth $47,000. Lakeview Capital Partners LLC purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund during the third quarter worth $212,000. Wetherby Asset Management Inc. purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund during the third quarter worth $240,000. Kestra Advisory Services LLC bought a new position in Calamos Dynamic Convertible and Income Fund during the third quarter valued at about $246,000. Finally, Advisor Group Holdings Inc. raised its holdings in Calamos Dynamic Convertible and Income Fund by 81.5% during the second quarter. Advisor Group Holdings Inc. now owns 12,166 shares of the company’s stock valued at $257,000 after buying an additional 5,462 shares in the last quarter.

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.

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