Short Interest in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Expands By 101.6%

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 31,980 shares, an increase of 101.6% from the July 15th total of 15,866 shares. Based on an average daily volume of 97,860 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Calamos Long/Short Equity & Dynamic Income Term Trust

Several hedge funds and other institutional investors have recently made changes to their positions in CPZ. Closed End Fund Advisors Inc. acquired a new position in Calamos Long/Short Equity & Dynamic Income Term Trust during the fourth quarter worth $2,070,000. Shaker Financial Services LLC acquired a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the 4th quarter valued at about $1,853,000. Raymond James Financial Inc. boosted its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 31.1% during the 2nd quarter. Raymond James Financial Inc. now owns 438,105 shares of the company’s stock valued at $7,110,000 after acquiring an additional 103,935 shares during the last quarter. Evolve Private Wealth LLC purchased a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the fourth quarter valued at about $1,009,000. Finally, Rivernorth Capital Management LLC grew its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 14.2% in the fourth quarter. Rivernorth Capital Management LLC now owns 489,213 shares of the company’s stock valued at $7,152,000 after purchasing an additional 60,904 shares during the period.

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

Shares of NASDAQ:CPZ traded down $0.22 during midday trading on Friday, hitting $13.48. The company’s stock had a trading volume of 42,319 shares, compared to its average volume of 84,065. Calamos Long/Short Equity & Dynamic Income Term Trust has a 12-month low of $12.41 and a 12-month high of $16.82. The business’s 50 day simple moving average is $13.12 and its 200 day simple moving average is $13.70.

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

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

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.