Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Sees Significant Drop in Short Interest

by · The Markets Daily

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD – Get Free Report) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 428,500 shares, a drop of 7.7% from the September 30th total of 464,300 shares. Based on an average trading volume of 80,300 shares, the short-interest ratio is presently 5.3 days.

Calamos Dynamic Convertible and Income Fund Trading Down 0.5 %

NASDAQ CCD traded down $0.11 on Thursday, reaching $24.01. The company had a trading volume of 59,045 shares, compared to its average volume of 82,795. The stock’s 50 day moving average is $24.63 and its 200-day moving average is $23.33. Calamos Dynamic Convertible and Income Fund has a 52 week low of $16.93 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 was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 15th were issued a $0.195 dividend. This represents a $2.34 annualized dividend and a dividend yield of 9.75%. The ex-dividend date was Tuesday, October 15th.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

A number of institutional investors have recently modified their holdings of the company. D.A. Davidson & CO. increased its position in shares of Calamos Dynamic Convertible and Income Fund by 5.7% in the second quarter. D.A. Davidson & CO. now owns 547,853 shares of the company’s stock valued at $12,294,000 after acquiring an additional 29,321 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Calamos Dynamic Convertible and Income Fund in the third quarter valued at $28,780,000. Mutual Advisors LLC increased its holdings in Calamos Dynamic Convertible and Income Fund by 1.2% during the third quarter. Mutual Advisors LLC now owns 111,553 shares of the company’s stock worth $2,755,000 after buying an additional 1,361 shares during the last quarter. Raymond James & Associates lifted its stake in Calamos Dynamic Convertible and Income Fund by 1.3% in the second quarter. Raymond James & Associates now owns 61,271 shares of the company’s stock valued at $1,375,000 after acquiring an additional 779 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new position in shares of Calamos Dynamic Convertible and Income Fund during the 2nd quarter worth about $1,374,000.

About Calamos Dynamic Convertible and Income Fund

(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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