Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Short Interest Update

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) 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

NASDAQ CPZ traded down 0.03 during trading hours on Thursday, hitting 15.17. 18,327 shares of the company’s stock were exchanged, compared to its average volume of 56,149. The business’s 50 day moving average is 15.43 and its 200-day moving average is 15.14. Calamos Long/Short Equity & Dynamic Income Term Trust has a 12-month low of 13.17 and a 12-month high of 16.11.

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.