Short Interest in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Decreases By 60.5%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 32,091 shares, a decrease of 60.5% from the April 30th total of 81,338 shares. Based on an average daily trading volume, of 99,303 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

Several hedge funds have recently made changes to their positions in CCD. Advisory Services Network LLC acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund during the third quarter worth about $35,000. Western Wealth Management LLC acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund during the first quarter worth about $53,000. Triumph Capital Management acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund during the third quarter worth about $65,000. Fifth Third Bancorp acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund during the first quarter worth about $161,000. Finally, Abel Hall LLC acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund during the fourth quarter worth about $209,000.

Calamos Dynamic Convertible and Income Fund Trading Up 0.6%

Shares of CCD opened at $25.52 on Friday. Calamos Dynamic Convertible and Income Fund has a fifty-two week low of $19.17 and a fifty-two week high of $25.55. The firm has a 50-day simple moving average of $23.53 and a 200-day simple moving average of $22.49.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were paid a dividend of $0.195 per share. The ex-dividend date was Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 9.2%.

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.