Sun Sep 29 23:46:49 UTC 2024: ## Short Interest in Calamos Dynamic Convertible and Income Fund (CCD) Surges in September
**New York, NY –** Short interest in Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD) saw a significant increase in September, rising by 32.1% to 476,800 shares as of September 15th. This jump follows the August 31st total of 361,000 shares.
The days-to-cover ratio currently stands at 6.8 days, calculated based on an average daily volume of 69,900 shares. This suggests that it would take nearly a week to cover all short positions based on current trading activity.
Despite the increased short interest, CCD shares traded up $0.06 during midday trading on Friday, reaching $24.97. The company saw a trading volume of 74,226 shares, slightly below its average volume of 81,425.
CCD has experienced a 12-month range of $16.93 to $25.69, with a 50-day moving average of $23.61 and a 200-day moving average of $22.79.
On September 18th, the company paid a monthly dividend of $0.195 to stockholders of record on September 13th. This equates to an annualized dividend of $2.34 and a dividend yield of 9.37%.
Calamos Dynamic Convertible and Income Fund is a closed-ended fixed income mutual fund managed by Calamos Advisors LLC. It focuses on investing in the US fixed income market, primarily holding convertible securities, investment-grade and below-investment grade bonds, loans, equity-linked notes, and floating rate securities.
**Note:** This news article was rewritten from the provided text while maintaining the key information about the increased short interest in CCD, the stock’s recent performance, and the dividend payment. The article also provides a brief overview of the company and its investment strategy.
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