Calamos Global Dynamic Income Fund (NASDAQ:CHW) Sees Large Growth in Short Interest

by · The Markets Daily

Calamos Global Dynamic Income Fund (NASDAQ:CHW – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 54,078 shares, a growth of 232.3% from the June 30th total of 16,276 shares. Based on an average trading volume of 246,079 shares, the days-to-cover ratio is currently 0.2 days.

Calamos Global Dynamic Income Fund Trading Down 0.2%

NASDAQ:CHW traded down $0.02 during midday trading on Friday, reaching $8.52. The company had a trading volume of 236,430 shares, compared to its average volume of 209,751. Calamos Global Dynamic Income Fund has a 12-month low of $6.98 and a 12-month high of $9.18. The stock’s fifty day simple moving average is $8.78 and its 200-day simple moving average is $8.22.

Calamos Global Dynamic Income Fund Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 14th were given a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 8.5%. This is an increase from Calamos Global Dynamic Income Fund’s previous monthly dividend of $0.05.

Hedge Funds Weigh In On Calamos Global Dynamic Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC raised its holdings in Calamos Global Dynamic Income Fund by 23.5% in the third quarter. Parallel Advisors LLC now owns 7,196 shares of the investment management company’s stock valued at $54,000 after acquiring an additional 1,371 shares in the last quarter. Leigh Baldwin & CO. LLC acquired a new position in Calamos Global Dynamic Income Fund during the 4th quarter worth approximately $74,000. Capital Financial Group Inc. Co. ADV acquired a new position in Calamos Global Dynamic Income Fund during the 1st quarter worth approximately $76,000. Retirement Planning Group LLC purchased a new stake in shares of Calamos Global Dynamic Income Fund in the 1st quarter valued at approximately $111,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Calamos Global Dynamic Income Fund in the 2nd quarter valued at approximately $145,000.

Calamos Global Dynamic Income Fund Company Profile

(Get Free Report)

Calamos Global Dynamic Income Fund (NASDAQ: CHW) is a diversified, closed-end management investment company that seeks to provide high current income and capital appreciation. The fund pursues its objectives by investing across a broad range of income-producing securities, with an emphasis on global convertible and high-yield fixed income instruments. By combining traditional and non-traditional income sources, CHW aims to deliver a dynamic income stream that can adapt to varying market conditions.

The fund’s portfolio typically includes convertible bonds, corporate credit, preferred equities, emerging market debt and dividend-paying common stocks.

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