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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new position in Calamos Dynamic Convertible and Income Fund during the first quarter worth about $53,000. Bank of America Corp DE raised its holdings in Calamos Dynamic Convertible and Income Fund by 3.5% during the first quarter. Bank of America Corp DE now owns 314,124 shares of the company’s stock worth $6,707,000 after purchasing an additional 10,689 shares in the last quarter. Royal Bank of Canada raised its holdings in 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 worth $3,971,000 after purchasing an additional 8,068 shares in the last quarter. World Equity Group Inc. raised its holdings in Calamos Dynamic Convertible and Income Fund by 106.7% during the first quarter. World Equity Group Inc. now owns 46,266 shares of the company’s stock worth $988,000 after purchasing an additional 23,882 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in 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 worth $13,290,000 after purchasing an additional 23,349 shares in the last quarter.

Calamos Dynamic Convertible and Income Fund Price Performance

NASDAQ CCD opened at $25.52 on Friday. Calamos Dynamic Convertible and Income Fund has a 52-week low of $19.17 and a 52-week high of $25.55. The firm has a 50-day moving average price of $23.53 and a 200 day moving average price of $22.49.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were issued a dividend of $0.195 per share. This represents a c) annualized dividend and a 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.