Calamos Global Dynamic Income Fund (NASDAQ:CHW – Get Free Report) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 141,065 shares, an increase of 182.7% from the September 30th total of 49,899 shares. Based on an average daily trading volume, of 220,845 shares, the days-to-cover ratio is currently 0.6 days.
Insider Transactions at Calamos Global Dynamic Income Fund
In related news, major shareholder Metlife Investment Management, purchased 440,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was bought at an average price of $25.00 per share, with a total value of $11,000,000.00. Following the completion of the transaction, the insider owned 157,600 shares of the company’s stock, valued at approximately $3,940,000. This represents a -155.81% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Institutional Trading of Calamos Global Dynamic Income Fund
A number of hedge funds have recently bought and sold shares of CHW. Shaker Financial Services LLC raised its holdings in Calamos Global Dynamic Income Fund by 19.3% in the 3rd quarter. Shaker Financial Services LLC now owns 491,862 shares of the investment management company’s stock valued at $3,969,000 after acquiring an additional 79,600 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Calamos Global Dynamic Income Fund by 3.8% during the first quarter. Private Advisor Group LLC now owns 422,888 shares of the investment management company’s stock worth $3,070,000 after purchasing an additional 15,518 shares during the last quarter. Altium Capital Management LLC boosted its holdings in shares of Calamos Global Dynamic Income Fund by 149.5% during the first quarter. Altium Capital Management LLC now owns 328,901 shares of the investment management company’s stock worth $2,388,000 after purchasing an additional 197,098 shares during the last quarter. Royal Bank of Canada grew its position 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 purchasing an additional 81,670 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Calamos Global Dynamic Income Fund by 3,968.0% in the first quarter. Fifth Third Bancorp now owns 77,617 shares of the investment management company’s stock valued at $563,000 after purchasing an additional 75,709 shares during the period.
Calamos Global Dynamic Income Fund Price Performance
NASDAQ:CHW traded down $0.06 on Thursday, reaching $7.85. The stock had a trading volume of 98,283 shares, compared to its average volume of 203,372. Calamos Global Dynamic Income Fund has a 12-month low of $6.98 and a 12-month high of $9.18. The firm’s fifty day moving average is $8.20 and its two-hundred day moving average is $8.25.
Calamos Global Dynamic Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 21st. Investors of record on Wednesday, October 14th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.72 annualized dividend and a dividend yield of 9.2%.
About Calamos Global Dynamic Income Fund
Calamos Global Dynamic Income Fund (NASDAQ: CHW) is a diversified closed-end investment fund managed by Calamos Advisors LLC. The fund seeks to provide a high level of current income and, secondarily, total return through a flexible global investment strategy.
The fund invests primarily in income-producing securities issued by companies and governments around the world. Its portfolio may include corporate and government debt, high-yield and emerging-market securities, convertible securities, preferred stocks and dividend-paying common stocks.
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