Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Sees Large Growth in Short Interest

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 31,980 shares, a growth of 101.6% from the July 15th total of 15,866 shares. Based on an average daily volume of 97,860 shares, the short-interest ratio is currently 0.3 days.

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

NASDAQ:CPZ opened at $13.48 on Monday. 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 company’s 50 day moving average is $13.12 and its two-hundred day moving average is $13.69.

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

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.14 per share. This represents a c) annualized dividend and a dividend yield of 12.5%. The ex-dividend date is Friday, August 14th.

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

Large investors have recently made changes to their positions in the stock. Rivernorth Capital Management LLC lifted its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 14.2% during the 4th quarter. Rivernorth Capital Management LLC now owns 489,213 shares of the company’s stock worth $7,152,000 after acquiring an additional 60,904 shares during the period. Raymond James Financial Inc. raised its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 3.9% in the third quarter. Raymond James Financial Inc. now owns 455,147 shares of the company’s stock worth $7,355,000 after purchasing an additional 17,042 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 10.7% during the fourth quarter. LPL Financial LLC now owns 241,078 shares of the company’s stock worth $3,525,000 after purchasing an additional 23,293 shares during the period. Oppenheimer & Co. Inc. boosted its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 0.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 221,036 shares of the company’s stock valued at $3,232,000 after buying an additional 1,589 shares during the last quarter. Finally, Closed End Fund Advisors Inc. purchased a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust in the fourth quarter valued at approximately $2,070,000.

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.