Short Interest in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Increases By 34.7%

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 88,500 shares, a growth of 34.7% from the February 13th total of 65,700 shares. Based on an average daily trading volume, of 79,800 shares, the short-interest ratio is presently 1.1 days.

Calamos Long/Short Equity & Dynamic Income Term Trust Price Performance

Shares of CPZ traded down $0.02 during mid-day trading on Tuesday, hitting $15.61. 66,908 shares of the company’s stock traded hands, compared to its average volume of 72,412. Calamos Long/Short Equity & Dynamic Income Term Trust has a 1 year low of $14.67 and a 1 year high of $16.03. The business’s 50-day moving average price is $15.43 and its 200-day moving average price is $15.47.

Calamos Long/Short Equity & Dynamic Income Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 13th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.68 annualized dividend and a dividend yield of 10.76%.

Insider Activity

In other news, CFO Thomas E. Herman sold 13,392 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $15.58, for a total transaction of $208,647.36. Following the transaction, the chief financial officer now directly owns 13,391 shares of the company’s stock, valued at approximately $208,631.78. The trade was a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Calamos Long/Short Equity & Dynamic Income Term Trust

Several hedge funds have recently made changes to their positions in CPZ. Raymond James Financial Inc. bought a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the fourth quarter valued at approximately $4,527,000. Penserra Capital Management LLC bought a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the third quarter valued at approximately $4,102,000. Sit Investment Associates Inc. boosted its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 14.7% during the fourth quarter. Sit Investment Associates Inc. now owns 1,007,522 shares of the company’s stock valued at $14,942,000 after purchasing an additional 129,034 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 38.5% during the third quarter. Advisors Asset Management Inc. now owns 391,828 shares of the company’s stock valued at $6,148,000 after purchasing an additional 108,858 shares in the last quarter. Finally, Integrity Wealth Advisors Inc. bought a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the fourth quarter valued at approximately $755,000.

About Calamos Long/Short Equity & Dynamic Income Term Trust

Calamos Investments is a global investment firm committed to excellence in investment management and client services. A global investment platform with focused, experienced teams, specialized by investment discipline. Serving the needs of institutional and individual investors since 1977. Offering a range of global investment solutions to work with a client’s asset allocation framework.