Short Interest in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Expands By 79.7%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 291,300 shares, a growth of 79.7% from the February 29th total of 162,100 shares. Based on an average daily trading volume, of 95,800 shares, the days-to-cover ratio is presently 3.0 days.

Calamos Dynamic Convertible and Income Fund Stock Down 0.8 %

Calamos Dynamic Convertible and Income Fund stock traded down $0.17 during mid-day trading on Thursday, reaching $21.80. 197,485 shares of the company were exchanged, compared to its average volume of 99,167. Calamos Dynamic Convertible and Income Fund has a twelve month low of $16.93 and a twelve month high of $24.68. The firm’s 50-day simple moving average is $21.31 and its two-hundred day simple moving average is $19.75.

Calamos Dynamic Convertible and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 14th were issued a dividend of $0.195 per share. The ex-dividend date was Wednesday, March 13th. This represents a $2.34 annualized dividend and a yield of 10.73%.

Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in shares of Calamos Dynamic Convertible and Income Fund by 2,243.3% in the first quarter. PNC Financial Services Group Inc. now owns 15,466 shares of the company’s stock valued at $396,000 after purchasing an additional 14,806 shares during the period. NewEdge Advisors LLC grew its position in shares of Calamos Dynamic Convertible and Income Fund by 24.3% in the first quarter. NewEdge Advisors LLC now owns 14,335 shares of the company’s stock valued at $368,000 after purchasing an additional 2,803 shares during the period. Centaurus Financial Inc. purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund in the first quarter valued at $236,000. UBS Group AG grew its position in shares of Calamos Dynamic Convertible and Income Fund by 3.4% in the first quarter. UBS Group AG now owns 69,682 shares of the company’s stock valued at $1,787,000 after purchasing an additional 2,305 shares during the period. Finally, Royal Bank of Canada grew its position in Calamos Dynamic Convertible and Income Fund by 10.3% during the first quarter. Royal Bank of Canada now owns 137,145 shares of the company’s stock valued at $3,518,000 after acquiring an additional 12,776 shares during the period.

Calamos Dynamic Convertible and Income Fund Company Profile

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.