Short Interest in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Decreases By 38.6%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 36,197 shares, a drop of 38.6% from the December 15th total of 58,980 shares. Based on an average trading volume of 83,365 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 83,365 shares, the days-to-cover ratio is presently 0.4 days.

Calamos Dynamic Convertible and Income Fund Stock Performance

Calamos Dynamic Convertible and Income Fund stock traded up $0.10 during midday trading on Friday, reaching $22.63. 44,885 shares of the stock were exchanged, compared to its average volume of 82,055. Calamos Dynamic Convertible and Income Fund has a 52 week low of $18.12 and a 52 week high of $24.89. The company’s fifty day moving average is $21.32 and its 200-day moving average is $21.07.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 9th. Investors of record on Tuesday, December 30th were given a $0.195 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date was Tuesday, December 30th.

Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in Calamos Dynamic Convertible and Income Fund by 6.0% in the 1st quarter. Royal Bank of Canada now owns 141,994 shares of the company’s stock worth $3,023,000 after acquiring an additional 8,055 shares during the last quarter. Capital CS Group LLC grew its holdings in shares of Calamos Dynamic Convertible and Income Fund by 61.3% during the second quarter. Capital CS Group LLC now owns 19,157 shares of the company’s stock worth $386,000 after purchasing an additional 7,282 shares in the last quarter. Truist Financial Corp increased its position in shares of Calamos Dynamic Convertible and Income Fund by 1.8% in the second quarter. Truist Financial Corp now owns 107,338 shares of the company’s stock worth $2,165,000 after purchasing an additional 1,865 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in Calamos Dynamic Convertible and Income Fund by 8.6% in the second quarter. Atria Wealth Solutions Inc. now owns 12,637 shares of the company’s stock valued at $255,000 after purchasing an additional 997 shares in the last quarter. Finally, Mutual Advisors LLC lifted its position in Calamos Dynamic Convertible and Income Fund by 4.6% during the second quarter. Mutual Advisors LLC now owns 111,898 shares of the company’s stock valued at $2,326,000 after purchasing an additional 4,931 shares during the last quarter.

About Calamos Dynamic Convertible and Income Fund

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.