Calamos Strategic Total Return Fund (NASDAQ:CSQ) Short Interest Up 40.9% in August

Calamos Strategic Total Return Fund (NASDAQ:CSQ) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 21,700 shares, a growth of 40.9% from the August 15th total of 15,400 shares. Based on an average daily volume of 181,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Calamos Strategic Total Return Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in Calamos Strategic Total Return Fund by 3,229.9% in the first quarter. Cetera Investment Advisers now owns 509,372 shares of the investment management company’s stock valued at $8,338,000 after acquiring an additional 494,075 shares during the period. Cornerstone Advisors LLC raised its holdings in shares of Calamos Strategic Total Return Fund by 96.6% in the second quarter. Cornerstone Advisors LLC now owns 976,720 shares of the investment management company’s stock worth $16,448,000 after acquiring an additional 479,973 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in shares of Calamos Strategic Total Return Fund by 1,545.6% in the second quarter. Strategic Financial Concepts LLC now owns 207,342 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 194,742 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Calamos Strategic Total Return Fund during the second quarter valued at $2,973,000. Finally, Rockport Wealth LLC purchased a new stake in Calamos Strategic Total Return Fund during the 1st quarter worth about $2,505,000.

Calamos Strategic Total Return Fund Stock Performance

Shares of CSQ traded down $0.02 during midday trading on Monday, hitting $16.82. 42,539 shares of the company’s stock traded hands, compared to its average volume of 195,192. Calamos Strategic Total Return Fund has a 1 year low of $12.50 and a 1 year high of $17.61. The firm’s fifty day moving average is $16.76 and its 200-day moving average is $16.43.

Calamos Strategic Total Return Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 18th. Investors of record on Friday, September 13th will be given a dividend of $0.102 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.22 dividend on an annualized basis and a yield of 7.28%.

Calamos Strategic Total Return Fund Company Profile

Calamos Strategic Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.