Short Interest in Calamos Global Dynamic Income Fund (NASDAQ:CHW) Grows By 381.0%

Calamos Global Dynamic Income Fund (NASDAQ:CHW) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 293,900 shares, a growth of 381.0% from the January 15th total of 61,100 shares. Based on an average trading volume of 150,500 shares, the short-interest ratio is currently 2.0 days.

A number of large investors have recently added to or reduced their stakes in CHW. Penserra Capital Management LLC purchased a new stake in Calamos Global Dynamic Income Fund during the 3rd quarter valued at $2,745,000. Wolverine Asset Management LLC purchased a new stake in Calamos Global Dynamic Income Fund during the 3rd quarter valued at $1,202,000. Morgan Stanley raised its holdings in Calamos Global Dynamic Income Fund by 3.2% during the 3rd quarter. Morgan Stanley now owns 3,447,583 shares of the investment management company’s stock valued at $32,993,000 after buying an additional 107,674 shares during the period. Shaker Financial Services LLC purchased a new stake in Calamos Global Dynamic Income Fund during the 3rd quarter valued at $981,000. Finally, Bank of Montreal Can purchased a new stake in Calamos Global Dynamic Income Fund during the 4th quarter valued at $710,000.

NASDAQ:CHW opened at $9.14 on Friday. The stock’s fifty day moving average is $9.69 and its 200 day moving average is $10.12. Calamos Global Dynamic Income Fund has a fifty-two week low of $8.67 and a fifty-two week high of $11.39.

The business also recently declared a monthly dividend, which will be paid on Friday, February 18th. Investors of record on Monday, February 14th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, February 11th. This represents a $0.84 annualized dividend and a yield of 9.19%.

Separately, Royal Bank of Canada upped their price objective on Calamos Global Dynamic Income Fund from $14.00 to $15.00 and gave the stock a “sector perform” rating in a report on Friday, November 5th.

Calamos Global Dynamic Income Fund Company Profile

Calamos Global Dynamic Income Fund operates as a diversified, closed-end management investment company. It provides a level of current income with a secondary objective of capital appreciation. The company was founded on April 10, 2007 and is headquartered in Naperville, IL.

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