Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Stock Price Up 0.4% – Time to Buy?

Shares of Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) rose 0.4% during mid-day trading on Wednesday . The company traded as high as $13.90 and last traded at $13.76. Approximately 96,382 shares were traded during trading, an increase of 23% from the average daily volume of 78,415 shares. The stock had previously closed at $13.71.

Calamos Long/Short Equity & Dynamic Income Term Trust Stock Down 1.1%

The company has a 50 day moving average price of $14.69 and a 200-day moving average price of $15.15.

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

The business also recently announced a monthly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 13th were given a $0.14 dividend. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date was Friday, March 13th.

Institutional Trading of Calamos Long/Short Equity & Dynamic Income Term Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in CPZ. Closed End Fund Advisors Inc. acquired a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the 4th quarter worth approximately $2,070,000. Shaker Financial Services LLC bought a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust during the fourth quarter worth approximately $1,853,000. Raymond James Financial Inc. raised its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 31.1% during the second quarter. Raymond James Financial Inc. now owns 438,105 shares of the company’s stock worth $7,110,000 after purchasing an additional 103,935 shares in the last quarter. TrueMark Investments LLC acquired a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust in the third quarter worth approximately $1,273,000. Finally, Evolve Private Wealth LLC acquired a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust in the fourth quarter worth approximately $1,009,000.

About Calamos Long/Short Equity & Dynamic Income Term Trust

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ: CPZ) is a closed-end management investment company that seeks to deliver long-term total return through a combination of capital appreciation and current income. The trust pursues this objective by maintaining a diversified portfolio of equity securities with an overlay of dynamic income strategies, including the use of call and put options.

The trust’s core investment approach combines long and short positions in U.S. and foreign equities, allowing portfolio managers to express both positive and negative views on individual securities and sectors.