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) saw a significant growth in short interest during 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 trading volume of 79,800 shares, the days-to-cover ratio is currently 1.1 days.

Insiders Place Their Bets

In related news, CFO Thomas E. Herman sold 13,392 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $15.58, for a total transaction of $208,647.36. Following the completion of the sale, the chief financial officer now directly owns 13,391 shares of the company’s stock, valued at approximately $208,631.78. This represents a 50.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

Large investors have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 1.6% in the third quarter. Oppenheimer & Co. Inc. now owns 196,061 shares of the company’s stock valued at $3,076,000 after purchasing an additional 3,060 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 38.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 391,828 shares of the company’s stock valued at $6,148,000 after buying an additional 108,858 shares during the last quarter. Penserra Capital Management LLC purchased a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the 3rd quarter valued at approximately $4,102,000. Walleye Capital LLC acquired a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the third quarter worth approximately $290,000. Finally, Rivernorth Capital Management LLC increased its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 0.7% in the third quarter. Rivernorth Capital Management LLC now owns 584,400 shares of the company’s stock worth $9,169,000 after buying an additional 3,968 shares during the last quarter.

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

Shares of NASDAQ CPZ traded up $0.15 on Monday, hitting $15.63. The company had a trading volume of 49,293 shares, compared to its average volume of 71,293. Calamos Long/Short Equity & Dynamic Income Term Trust has a 12-month low of $14.67 and a 12-month high of $16.03. The business has a 50 day moving average of $15.42 and a two-hundred day moving average of $15.47.

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

The company also recently announced a monthly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 13th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.68 annualized dividend and a dividend yield of 10.75%.

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.