Short Interest in Calamos Strategic Total Return Fund (NASDAQ:CSQ) Drops By 9.6%

Calamos Strategic Total Return Fund (NASDAQ:CSQ) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 34,800 shares, a decline of 9.6% from the November 15th total of 38,500 shares. Based on an average daily volume of 195,100 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Calamos Strategic Total Return Fund

Several hedge funds and other institutional investors have recently modified their holdings of CSQ. Cornerstone Advisors LLC grew its position in Calamos Strategic Total Return Fund by 2.5% in the third quarter. Cornerstone Advisors LLC now owns 1,001,404 shares of the investment management company’s stock valued at $17,374,000 after acquiring an additional 24,684 shares during the last quarter. Bensler LLC increased its position in Calamos Strategic Total Return Fund by 1.3% during the 3rd quarter. Bensler LLC now owns 946,374 shares of the investment management company’s stock worth $16,420,000 after purchasing an additional 11,991 shares in the last quarter. Cetera Investment Advisers lifted its stake in Calamos Strategic Total Return Fund by 6.5% in the 2nd quarter. Cetera Investment Advisers now owns 542,346 shares of the investment management company’s stock valued at $9,133,000 after purchasing an additional 32,974 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in Calamos Strategic Total Return Fund by 9.1% in the third quarter. Stratos Wealth Partners LTD. now owns 428,565 shares of the investment management company’s stock valued at $7,436,000 after buying an additional 35,749 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in shares of Calamos Strategic Total Return Fund by 8.2% during the third quarter. Apollon Wealth Management LLC now owns 420,835 shares of the investment management company’s stock worth $7,301,000 after buying an additional 32,019 shares in the last quarter.

Calamos Strategic Total Return Fund Stock Performance

Shares of Calamos Strategic Total Return Fund stock traded down $0.17 on Tuesday, reaching $18.08. 124,266 shares of the stock were exchanged, compared to its average volume of 196,223. The firm’s 50 day moving average is $17.87 and its 200-day moving average is $17.20. Calamos Strategic Total Return Fund has a one year low of $14.49 and a one year high of $18.52.

Calamos Strategic Total Return Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 13th will be issued a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date is Friday, December 13th. This is an increase from Calamos Strategic Total Return Fund’s previous monthly dividend of $0.10.

About Calamos Strategic Total Return Fund

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.