Short Interest in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Drops By 7.5%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 269,500 shares, a drop of 7.5% from the March 15th total of 291,300 shares. Based on an average daily volume of 104,000 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in shares of Calamos Dynamic Convertible and Income Fund by 8.0% during the second quarter. Wells Fargo & Company MN now owns 1,165,137 shares of the company’s stock worth $25,330,000 after buying an additional 86,600 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Calamos Dynamic Convertible and Income Fund by 2.8% in the first quarter. Advisors Asset Management Inc. now owns 452,324 shares of the company’s stock valued at $11,616,000 after purchasing an additional 12,275 shares in the last quarter. D.A. Davidson & CO. raised its stake in Calamos Dynamic Convertible and Income Fund by 17.2% in the fourth quarter. D.A. Davidson & CO. now owns 447,634 shares of the company’s stock valued at $8,854,000 after purchasing an additional 65,672 shares in the last quarter. Bank of America Corp DE raised its stake in Calamos Dynamic Convertible and Income Fund by 7.1% in the first quarter. Bank of America Corp DE now owns 318,708 shares of the company’s stock valued at $6,788,000 after purchasing an additional 21,209 shares in the last quarter. Finally, Truist Financial Corp raised its stake in Calamos Dynamic Convertible and Income Fund by 1.9% in the fourth quarter. Truist Financial Corp now owns 153,125 shares of the company’s stock valued at $3,138,000 after purchasing an additional 2,805 shares in the last quarter.

Calamos Dynamic Convertible and Income Fund Trading Down 0.4 %

Calamos Dynamic Convertible and Income Fund stock traded down $0.09 during mid-day trading on Tuesday, hitting $20.73. 65,731 shares of the company’s stock traded hands, compared to its average volume of 103,503. The firm has a 50 day simple moving average of $21.59 and a two-hundred day simple moving average of $19.94. Calamos Dynamic Convertible and Income Fund has a fifty-two week low of $16.93 and a fifty-two week high of $24.68.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 12th will be issued a dividend of $0.195 per share. This represents a $2.34 dividend on an annualized basis and a dividend yield of 11.29%. The ex-dividend date is Thursday, April 11th.

About Calamos Dynamic Convertible and Income Fund

Calamos Dynamic Convertible and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a portfolio of convertible securities, investment grade and below investment grade bonds, loans, equity-linked notes, and floating rate securities.