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

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 16,485 shares, an increase of 175.4% from the April 30th total of 5,986 shares. Based on an average daily trading volume, of 79,449 shares, the days-to-cover ratio is currently 0.2 days.

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

Calamos Long/Short Equity & Dynamic Income Term Trust stock opened at $13.05 on Monday. The firm’s fifty day moving average price is $13.55 and its 200-day moving average price is $14.40. Calamos Long/Short Equity & Dynamic Income Term Trust has a fifty-two week low of $12.73 and a fifty-two week high of $16.82.

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

The business also recently disclosed a monthly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 12.9%.

Institutional Trading of Calamos Long/Short Equity & Dynamic Income Term Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 55.1% during the 4th quarter. Bank of America Corp DE now owns 3,500 shares of the company’s stock valued at $52,000 after buying an additional 1,244 shares in the last quarter. Invesco Ltd. raised its position in shares of 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 buying an additional 785 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the 3rd quarter valued at $171,000. Sovran Advisors LLC purchased a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the 3rd quarter valued at $182,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the 3rd quarter valued at $184,000.

Calamos Long/Short Equity & Dynamic Income Term Trust Company Profile

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.