Calamos Global Dynamic Income Fund (NASDAQ:CHW) Short Interest Down 74.7% in June

Calamos Global Dynamic Income Fund (NASDAQ:CHW) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 16,276 shares, a drop of 74.7% from the June 15th total of 64,352 shares. Based on an average daily trading volume, of 188,138 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CHW. Cetera Investment Advisers boosted its position in shares of Calamos Global Dynamic Income Fund by 387.8% in the first quarter. Cetera Investment Advisers now owns 68,126 shares of the investment management company’s stock worth $495,000 after buying an additional 54,159 shares during the period. Royal Bank of Canada grew its stake in shares of Calamos Global Dynamic Income Fund by 36.8% in the first quarter. Royal Bank of Canada now owns 303,310 shares of the investment management company’s stock valued at $2,202,000 after buying an additional 81,670 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of Calamos Global Dynamic Income Fund by 49.1% during the 2nd quarter. CoreCap Advisors LLC now owns 26,705 shares of the investment management company’s stock valued at $238,000 after buying an additional 8,800 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Calamos Global Dynamic Income Fund by 8.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 35,903 shares of the investment management company’s stock valued at $261,000 after buying an additional 2,665 shares during the period. Finally, Fifth Third Bancorp lifted its position in Calamos Global Dynamic Income Fund by 3,968.0% during the 1st quarter. Fifth Third Bancorp now owns 77,617 shares of the investment management company’s stock worth $563,000 after acquiring an additional 75,709 shares in the last quarter.

Calamos Global Dynamic Income Fund Price Performance

CHW stock remained flat at $8.82 during midday trading on Monday. 177,125 shares of the company’s stock were exchanged, compared to its average volume of 205,282. Calamos Global Dynamic Income Fund has a 1 year low of $6.98 and a 1 year high of $9.18. The stock’s fifty day simple moving average is $8.79 and its 200-day simple moving average is $8.15.

Calamos Global Dynamic Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 14th will be given a dividend of $0.06 per share. This is a positive change from Calamos Global Dynamic Income Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 8.2%.

About Calamos Global Dynamic Income Fund

Calamos Global Dynamic Income Fund (NASDAQ: CHW) is a diversified, closed-end management investment company that seeks to provide high current income and capital appreciation. The fund pursues its objectives by investing across a broad range of income-producing securities, with an emphasis on global convertible and high-yield fixed income instruments. By combining traditional and non-traditional income sources, CHW aims to deliver a dynamic income stream that can adapt to varying market conditions.

The fund’s portfolio typically includes convertible bonds, corporate credit, preferred equities, emerging market debt and dividend-paying common stocks.