Short Interest in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Increases By 1,303.6%

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 19,679 shares, a growth of 1,303.6% from the May 31st total of 1,402 shares. Based on an average daily volume of 73,297 shares, the days-to-cover ratio is presently 0.3 days.

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

Shares of Calamos Long/Short Equity & Dynamic Income Term Trust stock traded up $0.14 during trading on Thursday, reaching $13.02. The company’s stock had a trading volume of 90,542 shares, compared to its average volume of 84,080. The firm’s 50-day moving average is $13.23 and its two-hundred day moving average is $14.12. Calamos Long/Short Equity & Dynamic Income Term Trust has a 52-week low of $12.41 and a 52-week high of $16.82.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 12th were paid a dividend of $0.14 per share. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend was Friday, June 12th.

Hedge Funds Weigh In On Calamos Long/Short Equity & Dynamic Income Term Trust

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in shares of 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 purchasing an additional 1,244 shares during the period. Invesco Ltd. lifted its position 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 acquiring an additional 785 shares during the period. Envestnet Asset Management Inc. bought a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust during the third quarter worth about $184,000. XTX Topco Ltd bought a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the second quarter valued at approximately $201,000. Finally, Readystate Asset Management LP bought a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the 4th quarter worth approximately $203,000.

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.