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

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 9,500 shares, a drop of 57.2% from the May 15th total of 22,200 shares. Based on an average daily trading volume, of 56,400 shares, the days-to-cover ratio is currently 0.2 days.

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

NASDAQ:CPZ traded down 0.30 during mid-day trading on Friday, hitting 15.10. 101,100 shares of the stock traded hands, compared to its average volume of 56,568. Calamos Long/Short Equity & Dynamic Income Term Trust has a 12-month low of 13.17 and a 12-month high of 16.11. The business’s 50-day moving average price is 15.43 and its 200 day moving average price is 15.10.

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

The business also recently announced a monthly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 14th will be issued a $0.14 dividend. This represents a $1.68 annualized dividend and a dividend yield of 11.13%. The ex-dividend date is Friday, June 14th.

Insider Activity

In other news, CFO Thomas E. Herman purchased 16,308 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average cost of 15.55 per share, with a total value of 253,589.40. Following the completion of the transaction, the chief financial officer now directly owns 26,783 shares of the company’s stock, valued at 416,475.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Calamos Long/Short Equity & Dynamic Income Term Trust

Several hedge funds have recently modified their holdings of the stock. UBS Group AG increased its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 18.2% in the third quarter. UBS Group AG now owns 484,691 shares of the company’s stock worth $7,169,000 after purchasing an additional 74,567 shares during the last quarter. Saba Capital Management L.P. increased its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 70.4% in the third quarter. Saba Capital Management L.P. now owns 400,819 shares of the company’s stock worth $5,928,000 after purchasing an additional 165,626 shares during the last quarter. Cornerstone Advisors LLC increased its position 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 worth $3,260,000 after purchasing 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 first quarter. Oppenheimer & Co. Inc. now owns 185,175 shares of the company’s stock worth $2,857,000 after purchasing an additional 11,631 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 3.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 143,440 shares of the company’s stock valued at $2,213,000 after acquiring an additional 5,033 shares during the last quarter.

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.