Sit Investment Associates Inc. Has $14.31 Million Stock Position in Calamos Long/Short Equity & Dynamic Income Term Trust $CPZ

Sit Investment Associates Inc. cut its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 978,911 shares of the company’s stock after selling 101,157 shares during the period. Sit Investment Associates Inc.’s holdings in Calamos Long/Short Equity & Dynamic Income Term Trust were worth $14,312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CPZ. Bank of America Corp DE lifted its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 55.1% in the 4th quarter. Bank of America Corp DE now owns 3,500 shares of the company’s stock valued at $52,000 after acquiring an additional 1,244 shares in the last quarter. Invesco Ltd. boosted its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 7.5% during the 4th quarter. Invesco Ltd. now owns 11,207 shares of the company’s stock valued at $164,000 after purchasing an additional 785 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust during the 3rd quarter worth approximately $184,000. XTX Topco Ltd bought a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust during the 2nd quarter worth approximately $201,000. Finally, Readystate Asset Management LP purchased a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the fourth quarter worth approximately $203,000.

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

CPZ stock opened at $12.96 on Friday. Calamos Long/Short Equity & Dynamic Income Term Trust has a twelve month low of $12.41 and a twelve month high of $16.82. The stock’s 50 day moving average is $13.34 and its 200-day moving average is $14.19.

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

The business also recently declared a monthly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 12th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, June 12th. This represents a c) annualized dividend and a yield of 13.0%.

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.