Calamos Strategic Total Return Fund (NASDAQ:CSQ) Sees Large Increase in Short Interest

Calamos Strategic Total Return Fund (NASDAQ:CSQ) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 78,700 shares, a growth of 82.6% from the October 15th total of 43,100 shares. Based on an average daily volume of 183,500 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Calamos Strategic Total Return Fund

Several hedge funds have recently modified their holdings of the stock. Aviance Capital Partners LLC lifted its position in Calamos Strategic Total Return Fund by 0.6% during the third quarter. Aviance Capital Partners LLC now owns 98,712 shares of the investment management company’s stock valued at $1,713,000 after buying an additional 599 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Calamos Strategic Total Return Fund by 4.5% during the first quarter. EverSource Wealth Advisors LLC now owns 15,648 shares of the investment management company’s stock valued at $243,000 after buying an additional 671 shares in the last quarter. Conning Inc. lifted its position in Calamos Strategic Total Return Fund by 1.8% during the third quarter. Conning Inc. now owns 50,086 shares of the investment management company’s stock valued at $869,000 after buying an additional 892 shares in the last quarter. Karpus Management Inc. lifted its position in Calamos Strategic Total Return Fund by 1.0% during the first quarter. Karpus Management Inc. now owns 90,568 shares of the investment management company’s stock valued at $1,483,000 after buying an additional 910 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in Calamos Strategic Total Return Fund by 1.8% during the second quarter. NewEdge Advisors LLC now owns 60,315 shares of the investment management company’s stock valued at $1,016,000 after buying an additional 1,077 shares in the last quarter.

Calamos Strategic Total Return Fund Stock Performance

NASDAQ:CSQ traded down $0.18 during mid-day trading on Thursday, hitting $17.87. 240,026 shares of the company’s stock traded hands, compared to its average volume of 196,029. The firm’s 50 day simple moving average is $17.36 and its 200 day simple moving average is $16.87. Calamos Strategic Total Return Fund has a 1 year low of $13.69 and a 1 year high of $18.26.

Calamos Strategic Total Return Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.102 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.85%.

Calamos Strategic Total Return Fund Company Profile

Calamos Strategic Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.