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

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 5,986 shares, a decline of 83.2% from the April 15th total of 35,562 shares. Based on an average trading volume of 94,237 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CPZ. Bank of America Corp DE increased its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 55.1% in the fourth 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. Cetera Investment Advisers increased its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 5.4% in the second quarter. Cetera Investment Advisers now owns 29,649 shares of the company’s stock valued at $481,000 after purchasing an additional 1,516 shares during the period. XTX Topco Ltd acquired a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the second quarter valued at approximately $201,000. Raymond James Financial Inc. increased its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 31.1% in the second quarter. Raymond James Financial Inc. now owns 438,105 shares of the company’s stock valued at $7,110,000 after purchasing an additional 103,935 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the second quarter valued at approximately $320,000.

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

Calamos Long/Short Equity & Dynamic Income Term Trust stock traded down $0.15 during mid-day trading on Tuesday, reaching $13.46. 73,493 shares of the company were exchanged, compared to its average volume of 83,675. The firm’s 50-day simple moving average is $13.99 and its two-hundred day simple moving average is $14.62. Calamos Long/Short Equity & Dynamic Income Term Trust has a twelve month low of $13.13 and a twelve month high of $16.82.

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

The business also recently announced a monthly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%.

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.