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

by · The Cerbat Gem

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD – Get Free Report) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 40,085 shares, a drop of 21.7% from the January 29th total of 51,195 shares. Based on an average trading volume of 88,365 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 88,365 shares, the short-interest ratio is presently 0.5 days.

Calamos Dynamic Convertible and Income Fund Stock Down 2.7%

Calamos Dynamic Convertible and Income Fund stock traded down $0.61 during mid-day trading on Tuesday, hitting $22.38. 37,688 shares of the company’s stock traded hands, compared to its average volume of 84,525. Calamos Dynamic Convertible and Income Fund has a one year low of $18.12 and a one year high of $23.18. The firm has a 50 day moving average price of $22.36 and a 200 day moving average price of $21.59.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 23rd. Stockholders of record on Friday, February 13th were issued a $0.195 dividend. The ex-dividend date was Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 10.5%.

Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund

Several large investors have recently made changes to their positions in CCD. D.A. Davidson & CO. increased its holdings in shares of Calamos Dynamic Convertible and Income Fund by 2.8% in the third quarter. D.A. Davidson & CO. now owns 631,809 shares of the company’s stock valued at $13,293,000 after buying an additional 16,968 shares in the last quarter. Landscape Capital Management L.L.C. increased its stake in Calamos Dynamic Convertible and Income Fund by 90.8% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 388,963 shares of the company’s stock worth $8,184,000 after purchasing an additional 185,127 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Calamos Dynamic Convertible and Income Fund by 11.1% in the second quarter. Bank of America Corp DE now owns 328,473 shares of the company’s stock worth $6,624,000 after buying an additional 32,794 shares during the period. Guggenheim Capital LLC increased its position in shares of Calamos Dynamic Convertible and Income Fund by 4.2% in the fourth quarter. Guggenheim Capital LLC now owns 257,289 shares of the company’s stock worth $5,357,000 after acquiring an additional 10,370 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Calamos Dynamic Convertible and Income Fund by 12.3% in the 4th quarter. Royal Bank of Canada now owns 177,912 shares of the company’s stock valued at $3,711,000 after acquiring an additional 19,494 shares in the last quarter.

About Calamos Dynamic Convertible and Income Fund

(Get Free Report)

Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD) is a diversified, closed-end management investment company that seeks total return through a combination of current income and capital appreciation. Listed on the NASDAQ Global Select Market, CCD provides investors access to a portfolio primarily composed of convertible securities, supplemented by fixed-income and equity instruments. By blending the features of bonds and equity, the fund aims to capture upside potential in rising markets while offering downside protection in more volatile conditions.

The fund’s investment strategy emphasizes convertible bonds, convertible preferred stocks, and other hybrid instruments, alongside selective allocations to corporate debt, high-yield securities, common stocks, and derivative overlays.

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