Calamos Strategic Total Return Fund (NASDAQ:CSQ) Sees Significant Increase in Short Interest

Calamos Strategic Total Return Fund (NASDAQ:CSQ) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 74,500 shares, an increase of 189.9% from the December 15th total of 25,700 shares. Based on an average daily volume of 191,900 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Calamos Strategic Total Return Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Truvestments Capital LLC bought a new stake in Calamos Strategic Total Return Fund during the third quarter worth $41,000. Fairscale Capital LLC acquired a new stake in Calamos Strategic Total Return Fund in the 2nd quarter valued at about $59,000. Larson Financial Group LLC grew its holdings in Calamos Strategic Total Return Fund by 233.3% during the third quarter. Larson Financial Group LLC now owns 8,000 shares of the investment management company’s stock worth $139,000 after purchasing an additional 5,600 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Calamos Strategic Total Return Fund by 44.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,444 shares of the investment management company’s stock worth $142,000 after buying an additional 2,579 shares during the last quarter. Finally, US Bancorp DE raised its stake in Calamos Strategic Total Return Fund by 317.2% in the third quarter. US Bancorp DE now owns 9,425 shares of the investment management company’s stock valued at $164,000 after buying an additional 7,166 shares during the period.

Calamos Strategic Total Return Fund Stock Performance

Shares of CSQ opened at $17.54 on Tuesday. Calamos Strategic Total Return Fund has a 12 month low of $14.78 and a 12 month high of $18.52. The firm has a fifty day simple moving average of $17.98 and a 200 day simple moving average of $17.36.

Calamos Strategic Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 10th. Stockholders of record on Monday, December 30th were paid a dividend of $0.1025 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 7.01%.

About Calamos Strategic Total Return Fund

Calamos Strategic Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.