Short Interest in Calamos Global Dynamic Income Fund (NASDAQ:CHW) Declines By 41.9%

Calamos Global Dynamic Income Fund (NASDAQ:CHW) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 60,115 shares, a drop of 41.9% from the July 30th total of 103,514 shares. Based on an average daily volume of 174,673 shares, the days-to-cover ratio is presently 0.3 days.

Calamos Global Dynamic Income Fund Stock Performance

Calamos Global Dynamic Income Fund stock traded down $0.10 on Monday, hitting $8.44. 153,130 shares of the stock traded hands, compared to its average volume of 203,784. Calamos Global Dynamic Income Fund has a 1 year low of $6.98 and a 1 year high of $9.18. The business’s fifty day simple moving average is $8.63 and its 200 day simple moving average is $8.34.

Calamos Global Dynamic Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 14th were paid a $0.06 dividend. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date was Friday, August 14th.

Insider Buying and Selling at Calamos Global Dynamic Income Fund

In other news, major shareholder Metlife Investment Management, purchased 440,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $11,000,000.00. Following the completion of the transaction, the insider directly owned 157,600 shares of the company’s stock, valued at $3,940,000. This trade represents a -155.81% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Calamos Global Dynamic Income Fund

Hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its position in Calamos Global Dynamic Income Fund by 4.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 32,207 shares of the investment management company’s stock valued at $239,000 after purchasing an additional 1,365 shares during the last quarter. Parallel Advisors LLC raised its holdings in Calamos Global Dynamic Income Fund by 23.5% in the third quarter. Parallel Advisors LLC now owns 7,196 shares of the investment management company’s stock worth $54,000 after buying an additional 1,371 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in Calamos Global Dynamic Income Fund by 3.1% in the first quarter. Kestra Advisory Services LLC now owns 62,658 shares of the investment management company’s stock worth $455,000 after buying an additional 1,856 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Calamos Global Dynamic Income Fund by 0.7% in the third quarter. Raymond James Financial Inc. now owns 303,063 shares of the investment management company’s stock worth $2,285,000 after buying an additional 2,203 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Calamos Global Dynamic Income Fund by 1.2% in the fourth quarter. Royal Bank of Canada now owns 221,640 shares of the investment management company’s stock worth $1,642,000 after buying an additional 2,582 shares in the last quarter.

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.