Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Stock Price Down 1.4% – Time to Sell?

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ)’s stock price was down 1.4% during mid-day trading on Thursday . The stock traded as low as $12.70 and last traded at $12.78. 68,039 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 85,497 shares. The stock had previously closed at $12.96.

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

The stock has a 50 day moving average price of $12.97 and a 200 day moving average price of $13.88.

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

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 14th were issued a $0.14 dividend. The ex-dividend date was Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 13.1%.

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

Hedge funds have recently modified their holdings of the business. Readystate Asset Management LP boosted its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 259.8% during the 1st quarter. Readystate Asset Management LP now owns 50,009 shares of the company’s stock valued at $679,000 after buying an additional 36,109 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 14.9% in the 1st quarter. Royal Bank of Canada now owns 58,471 shares of the company’s stock worth $793,000 after acquiring an additional 7,585 shares in the last quarter. Fifth Third Bancorp purchased a new position in Calamos Long/Short Equity & Dynamic Income Term Trust during the 1st quarter valued at about $229,000. Sovran Advisors LLC lifted its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 31.3% during the 1st quarter. Sovran Advisors LLC now owns 16,577 shares of the company’s stock valued at $226,000 after acquiring an additional 3,956 shares during the period. Finally, Stephens Inc. AR lifted its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 2.9% during the 1st quarter. Stephens Inc. AR now owns 63,890 shares of the company’s stock valued at $867,000 after acquiring an additional 1,775 shares during the period.

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.