Short Interest in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Drops By 7.5%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 269,500 shares, a decrease of 7.5% from the March 15th total of 291,300 shares. Based on an average daily volume of 104,000 shares, the short-interest ratio is currently 2.6 days.

Calamos Dynamic Convertible and Income Fund Stock Performance

Shares of CCD stock traded down $0.09 during trading hours on Tuesday, reaching $20.73. 65,731 shares of the company’s stock were exchanged, compared to its average volume of 103,503. The stock’s 50 day moving average is $21.59 and its 200-day moving average is $19.94. Calamos Dynamic Convertible and Income Fund has a fifty-two week low of $16.93 and a fifty-two week high of $24.68.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 12th will be given a dividend of $0.195 per share. This represents a $2.34 dividend on an annualized basis and a dividend yield of 11.29%. The ex-dividend date of this dividend is Thursday, April 11th.

Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund

A number of large investors have recently made changes to their positions in the business. Quad Cities Investment Group LLC acquired a new position in shares of Calamos Dynamic Convertible and Income Fund in the 1st quarter valued at $201,000. Comerica Bank increased its position in shares of Calamos Dynamic Convertible and Income Fund by 16.2% in the 4th quarter. Comerica Bank now owns 10,771 shares of the company’s stock valued at $213,000 after acquiring an additional 1,500 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Calamos Dynamic Convertible and Income Fund by 1.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 40,645 shares of the company’s stock valued at $804,000 after acquiring an additional 606 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Calamos Dynamic Convertible and Income Fund by 21.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 31,599 shares of the company’s stock valued at $625,000 after acquiring an additional 5,488 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Calamos Dynamic Convertible and Income Fund by 2.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 32,350 shares of the company’s stock valued at $640,000 after acquiring an additional 831 shares during the period.

About Calamos Dynamic Convertible and Income Fund

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.