Short Interest in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Drops By 8.3%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCDGet Free Report) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 363,200 shares, a decline of 8.3% from the May 15th total of 396,000 shares. Based on an average daily trading volume, of 89,400 shares, the days-to-cover ratio is currently 4.1 days.

Calamos Dynamic Convertible and Income Fund Price Performance

NASDAQ CCD traded down $0.05 during trading on Tuesday, reaching $22.31. The company’s stock had a trading volume of 33,520 shares, compared to its average volume of 87,948. The firm has a fifty day moving average of $22.28 and a 200 day moving average of $21.24. Calamos Dynamic Convertible and Income Fund has a one year low of $16.93 and a one year high of $23.50.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 14th will be given a dividend of $0.195 per share. The ex-dividend date is Friday, June 14th. This represents a $2.34 annualized dividend and a dividend yield of 10.49%.

Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund

Institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC bought a new position in Calamos Dynamic Convertible and Income Fund during the 3rd quarter worth approximately $1,840,000. D.A. Davidson & CO. grew its position in Calamos Dynamic Convertible and Income Fund by 17.2% during the 4th quarter. D.A. Davidson & CO. now owns 447,634 shares of the company’s stock worth $8,854,000 after acquiring an additional 65,672 shares during the last quarter. SFI Advisors LLC bought a new position in Calamos Dynamic Convertible and Income Fund during the 4th quarter worth approximately $580,000. Tempus Wealth Planning LLC bought a new position in Calamos Dynamic Convertible and Income Fund during the 4th quarter worth approximately $487,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Calamos Dynamic Convertible and Income Fund during the 4th quarter worth approximately $358,000.

Calamos Dynamic Convertible and Income Fund Company Profile

(Get Free Report)

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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