Short Interest in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Decreases By 7.7%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 428,500 shares, a drop of 7.7% from the September 30th total of 464,300 shares. Based on an average daily trading volume, of 80,300 shares, the short-interest ratio is presently 5.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its position in shares of Calamos Dynamic Convertible and Income Fund by 14.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 49,354 shares of the company’s stock worth $1,076,000 after purchasing an additional 6,370 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Calamos Dynamic Convertible and Income Fund by 3.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 25,289 shares of the company’s stock worth $551,000 after acquiring an additional 725 shares in the last quarter. Primoris Wealth Advisors LLC lifted its stake in Calamos Dynamic Convertible and Income Fund by 10.7% during the first quarter. Primoris Wealth Advisors LLC now owns 12,950 shares of the company’s stock worth $282,000 after purchasing an additional 1,250 shares during the last quarter. Capital CS Group LLC boosted its holdings in Calamos Dynamic Convertible and Income Fund by 4.1% in the second quarter. Capital CS Group LLC now owns 28,521 shares of the company’s stock valued at $640,000 after purchasing an additional 1,131 shares in the last quarter. Finally, Quad Cities Investment Group LLC boosted its holdings in Calamos Dynamic Convertible and Income Fund by 59.1% in the second quarter. Quad Cities Investment Group LLC now owns 14,690 shares of the company’s stock valued at $330,000 after purchasing an additional 5,458 shares in the last quarter.

Calamos Dynamic Convertible and Income Fund Trading Down 0.0 %

CCD traded down $0.01 on Friday, hitting $24.00. 36,773 shares of the company were exchanged, compared to its average volume of 82,577. The firm has a 50-day moving average price of $24.64 and a two-hundred day moving average price of $23.34. Calamos Dynamic Convertible and Income Fund has a twelve month low of $17.65 and a twelve month high of $26.16.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 15th were paid a $0.195 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $2.34 dividend on an annualized basis and a yield of 9.75%.

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.