Calamos Strategic Total Return Fund (NASDAQ:CSQ) Sees Large Growth in Short Interest

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

Institutional Investors Weigh In On Calamos Strategic Total Return Fund

A number of large investors have recently added to or reduced their stakes in CSQ. MassMutual Private Wealth & Trust FSB purchased a new stake in Calamos Strategic Total Return Fund in the fourth quarter worth about $27,000. Truvestments Capital LLC purchased a new stake in shares of Calamos Strategic Total Return Fund in the third quarter worth $41,000. Larson Financial Group LLC raised its holdings in Calamos Strategic Total Return Fund by 233.3% in the third quarter. Larson Financial Group LLC now owns 8,000 shares of the investment management company’s stock worth $139,000 after buying an additional 5,600 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Calamos Strategic Total Return Fund by 44.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,444 shares of the investment management company’s stock worth $142,000 after acquiring an additional 2,579 shares during the last quarter. Finally, US Bancorp DE lifted its stake in Calamos Strategic Total Return Fund by 317.2% during the 3rd quarter. US Bancorp DE now owns 9,425 shares of the investment management company’s stock valued at $164,000 after acquiring an additional 7,166 shares during the period.

Calamos Strategic Total Return Fund Price Performance

CSQ traded up $0.09 on Thursday, hitting $18.35. 130,987 shares of the company were exchanged, compared to its average volume of 190,226. Calamos Strategic Total Return Fund has a 12 month low of $15.22 and a 12 month high of $18.55. The firm has a fifty day simple moving average of $18.04 and a two-hundred day simple moving average of $17.44.

Calamos Strategic Total Return Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 10th. Investors of record on Monday, December 30th were paid a $0.1025 dividend. This represents a $1.23 annualized dividend and a dividend yield of 6.70%. The ex-dividend date of this dividend was Monday, December 30th.

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.