Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ – Get Free Report) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 27,400 shares, a growth of 188.4% from the May 31st total of 9,500 shares. Based on an average daily volume of 56,000 shares, the short-interest ratio is currently 0.5 days.
Insiders Place Their Bets
In other news, CFO Thomas E. Herman bought 16,308 shares of Calamos Long/Short Equity & Dynamic Income Term Trust stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of 15.55 per share, for a total transaction of 253,589.40. Following the purchase, the chief financial officer now owns 26,783 shares of the company’s stock, valued at 416,475.65. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
Hedge Funds Weigh In On Calamos Long/Short Equity & Dynamic Income Term Trust
A number of large investors have recently modified their holdings of CPZ. Saba Capital Management L.P. raised its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 70.4% in the 3rd quarter. Saba Capital Management L.P. now owns 400,819 shares of the company’s stock valued at $5,928,000 after purchasing an additional 165,626 shares in the last quarter. Cornerstone Advisors LLC lifted its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 31.9% in the fourth quarter. Cornerstone Advisors LLC now owns 225,640 shares of the company’s stock valued at $3,260,000 after buying an additional 54,623 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 6.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 185,175 shares of the company’s stock valued at $2,857,000 after acquiring an additional 11,631 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 3.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 143,440 shares of the company’s stock valued at $2,213,000 after purchasing an additional 5,033 shares in the last quarter. Finally, Shaker Financial Services LLC increased its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 3.9% during the 4th quarter. Shaker Financial Services LLC now owns 119,433 shares of the company’s stock valued at $1,742,000 after purchasing an additional 4,524 shares during the period.
Calamos Long/Short Equity & Dynamic Income Term Trust Stock Performance
Calamos Long/Short Equity & Dynamic Income Term Trust Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, June 14th were given a $0.14 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.68 annualized dividend and a dividend yield of 11.07%.
Calamos Long/Short Equity & Dynamic Income Term Trust Company Profile
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.
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