Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Short Interest Update

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 66,113 shares, a growth of 122.1% from the July 15th total of 29,762 shares. Based on an average daily trading volume, of 63,577 shares, the days-to-cover ratio is presently 1.0 days.

Calamos Dynamic Convertible and Income Fund Stock Down 0.9%

Shares of CCD traded down $0.23 during mid-day trading on Friday, hitting $26.19. 81,886 shares of the stock were exchanged, compared to its average volume of 86,482. Calamos Dynamic Convertible and Income Fund has a 52-week low of $19.99 and a 52-week high of $26.99. The firm has a 50-day moving average of $25.35 and a two-hundred day moving average of $23.99.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 14th will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 8.9%.

Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund

Institutional investors have recently bought and sold shares of the business. Allworth Financial LP bought a new stake in shares of Calamos Dynamic Convertible and Income Fund in the 2nd quarter worth about $26,000. Harborfront Financial Group LLC bought a new position in shares of Calamos Dynamic Convertible and Income Fund in the 2nd quarter valued at about $32,000. Advisory Services Network LLC purchased a new position in Calamos Dynamic Convertible and Income Fund in the third quarter worth about $35,000. Western Wealth Management LLC purchased a new position in Calamos Dynamic Convertible and Income Fund in the first quarter worth about $53,000. Finally, Triumph Capital Management bought a new stake in Calamos Dynamic Convertible and Income Fund during the third quarter worth approximately $65,000.

Calamos Dynamic Convertible and Income Fund Company Profile

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.