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 drop in short interest in May. As of May 15th, there was short interest totaling 32,091 shares, a drop of 60.5% from the April 30th total of 81,338 shares. Based on an average daily trading volume, of 99,303 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

A number of hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. boosted its stake in shares of Calamos Dynamic Convertible and Income Fund by 3.9% during the first quarter. D.A. Davidson & CO. now owns 622,462 shares of the company’s stock valued at $13,290,000 after purchasing an additional 23,349 shares in the last quarter. Landscape Capital Management L.L.C. boosted its stake in shares of Calamos Dynamic Convertible and Income Fund by 90.8% during the third quarter. Landscape Capital Management L.L.C. now owns 388,963 shares of the company’s stock valued at $8,184,000 after purchasing an additional 185,127 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Calamos Dynamic Convertible and Income Fund by 11.1% during the second quarter. Bank of America Corp DE now owns 328,473 shares of the company’s stock valued at $6,624,000 after purchasing an additional 32,794 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Calamos Dynamic Convertible and Income Fund by 4.2% during the fourth quarter. Guggenheim Capital LLC now owns 257,289 shares of the company’s stock valued at $5,357,000 after purchasing an additional 10,370 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Calamos Dynamic Convertible and Income Fund by 4.5% during the first quarter. Royal Bank of Canada now owns 185,980 shares of the company’s stock valued at $3,971,000 after purchasing an additional 8,068 shares in the last quarter.

Calamos Dynamic Convertible and Income Fund Stock Performance

NASDAQ:CCD traded down $0.02 during trading hours on Monday, hitting $25.50. The company’s stock had a trading volume of 97,829 shares, compared to its average volume of 93,341. The stock has a fifty day simple moving average of $23.53 and a 200-day simple moving average of $22.49. Calamos Dynamic Convertible and Income Fund has a twelve month low of $19.17 and a twelve month high of $25.75.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently declared 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. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date of this dividend was Thursday, May 14th.

Calamos Dynamic Convertible and Income Fund Company Profile

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.