Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Shares Shorted: Short Interest Down 59.2% in September

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 16,457 shares, a drop of 59.2% from the September 15th total of 40,367 shares. Based on an average trading volume of 69,144 shares, the short-interest ratio is currently 0.2 days.

Insider Buying and Selling at Calamos Dynamic Convertible and Income Fund

In other Calamos Dynamic Convertible and Income Fund news, major shareholder Metlife Investment Management, bought 880,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average price of $25.00 per share, for a total transaction of $22,000,000.00. Following the transaction, the insider directly owned 296,000 shares in the company, valued at approximately $7,400,000. This trade represents a -150.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Several large investors have recently made changes to their positions in CCD. CoreCap Advisors LLC increased its holdings in shares of Calamos Dynamic Convertible and Income Fund by 10.8% during the third quarter. CoreCap Advisors LLC now owns 39,017 shares of the company’s stock valued at $883,000 after acquiring an additional 3,790 shares in the last quarter. Apeiron RIA LLC raised its position in shares of Calamos Dynamic Convertible and Income Fund by 3.8% during the third quarter. Apeiron RIA LLC now owns 12,266 shares of the company’s stock worth $276,000 after purchasing an additional 446 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Calamos Dynamic Convertible and Income Fund in the 2nd quarter worth $152,000. Baird Financial Group Inc. bought a new position in shares of Calamos Dynamic Convertible and Income Fund in the 2nd quarter worth $322,000. Finally, Advisory Solutions Group LLC acquired a new stake in Calamos Dynamic Convertible and Income Fund in the 2nd quarter valued at $1,045,000.

Calamos Dynamic Convertible and Income Fund Stock Performance

Shares of CCD stock traded down $0.39 during trading hours on Tuesday, hitting $23.87. 52,464 shares of the company were exchanged, compared to its average volume of 81,893. Calamos Dynamic Convertible and Income Fund has a fifty-two week low of $19.99 and a fifty-two week high of $26.99. The company has a 50 day simple moving average of $24.37 and a two-hundred day simple moving average of $24.44.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Wednesday, October 14th will be issued a $0.1950 dividend. This represents a $2.34 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date is Wednesday, October 14th.

About Calamos Dynamic Convertible and Income Fund

Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD) is a closed-end investment company managed by Calamos Advisors LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.

CCD invests primarily in convertible securities and other income-producing investments, including corporate debt, high-yield bonds, preferred stocks and common stocks. Convertible securities may provide the potential for equity participation while retaining bond-like income and downside characteristics, although the fund’s portfolio is subject to credit, interest-rate and market risks.

The fund may invest in securities issued by companies in the United States and other countries, giving it exposure to a range of industries and global markets.