Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD – Get Free Report) was the target of a large drop in short interest during 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 volume of 80,300 shares, the days-to-cover ratio is currently 5.3 days.
Calamos Dynamic Convertible and Income Fund Stock Performance
Shares of CCD stock traded down $0.11 during midday trading on Thursday, hitting $24.01. 59,045 shares of the company were exchanged, compared to its average volume of 82,795. The firm’s 50 day moving average price is $24.63 and its two-hundred day moving average price is $23.33. Calamos Dynamic Convertible and Income Fund has a 52 week low of $16.93 and a 52 week high of $26.16.
Calamos Dynamic Convertible and Income Fund Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 15th were given a $0.195 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $2.34 dividend on an annualized basis and a dividend yield of 9.75%.
Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund
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.
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