Calamos Global Dynamic Income Fund (NASDAQ:CHW) Short Interest Down 41.9% in August

Calamos Global Dynamic Income Fund (NASDAQ:CHW) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 60,115 shares, a decrease of 41.9% from the July 30th total of 103,514 shares. Based on an average daily trading volume, of 174,673 shares, the days-to-cover ratio is currently 0.3 days.

Insider Buying and Selling

In related news, major shareholder Metlife Investment Management, bought 440,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were purchased at an average cost of $25.00 per share, with a total value of $11,000,000.00. Following the completion of the transaction, the insider directly owned 157,600 shares of the company’s stock, valued at approximately $3,940,000. This represents a -155.81% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hedge Funds Weigh In On Calamos Global Dynamic Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its position in Calamos Global Dynamic Income Fund by 4.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 32,207 shares of the investment management company’s stock worth $239,000 after acquiring an additional 1,365 shares during the period. Parallel Advisors LLC raised its stake in shares of Calamos Global Dynamic Income Fund by 23.5% during the third quarter. Parallel Advisors LLC now owns 7,196 shares of the investment management company’s stock valued at $54,000 after purchasing an additional 1,371 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of Calamos Global Dynamic Income Fund by 3.1% during the first quarter. Kestra Advisory Services LLC now owns 62,658 shares of the investment management company’s stock valued at $455,000 after purchasing an additional 1,856 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Calamos Global Dynamic Income Fund by 0.7% in the third quarter. Raymond James Financial Inc. now owns 303,063 shares of the investment management company’s stock worth $2,285,000 after purchasing an additional 2,203 shares during the period. Finally, Royal Bank of Canada grew its position in Calamos Global Dynamic Income Fund by 1.2% in the 4th quarter. Royal Bank of Canada now owns 221,640 shares of the investment management company’s stock valued at $1,642,000 after buying an additional 2,582 shares in the last quarter.

Calamos Global Dynamic Income Fund Stock Down 0.6%

Shares of Calamos Global Dynamic Income Fund stock traded down $0.05 during trading on Tuesday, hitting $8.39. 126,341 shares of the stock were exchanged, compared to its average volume of 203,615. Calamos Global Dynamic Income Fund has a 12 month low of $6.98 and a 12 month high of $9.18. The stock’s fifty day moving average is $8.62 and its 200 day moving average is $8.34.

Calamos Global Dynamic Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 14th were paid a $0.06 dividend. The ex-dividend date was Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 8.6%.

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.