Short Interest in Calamos Global Dynamic Income Fund (NASDAQ:CHW) Grows By 503.7%

Calamos Global Dynamic Income Fund (NASDAQ:CHW) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 64,352 shares, an increase of 503.7% from the May 31st total of 10,660 shares. Based on an average daily trading volume, of 225,563 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its stake in Calamos Global Dynamic Income Fund by 23.5% during the 3rd 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 during the period. Leigh Baldwin & CO. LLC bought a new stake in shares of Calamos Global Dynamic Income Fund in the fourth quarter worth approximately $74,000. Capital Financial Group Inc. Co. ADV bought a new stake in shares of Calamos Global Dynamic Income Fund in the first quarter worth approximately $76,000. Retirement Planning Group LLC purchased a new position in shares of Calamos Global Dynamic Income Fund during the first quarter valued at approximately $111,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Calamos Global Dynamic Income Fund during the second quarter valued at approximately $145,000.

Calamos Global Dynamic Income Fund Price Performance

Shares of CHW remained flat at $8.74 on Friday. 92,079 shares of the company traded hands, compared to its average volume of 201,311. The firm has a 50 day simple moving average of $8.65 and a 200 day simple moving average of $8.03. Calamos Global Dynamic Income Fund has a 12 month low of $6.98 and a 12 month high of $9.18.

Calamos Global Dynamic Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 12th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

About Calamos Global Dynamic Income Fund

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.