Short Interest in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Increases By 26.8%

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 65,700 shares, an increase of 26.8% from the January 31st total of 51,800 shares. Based on an average daily trading volume, of 80,000 shares, the short-interest ratio is currently 0.8 days.

Insider Transactions at Calamos Long/Short Equity & Dynamic Income Term Trust

In related news, CFO Thomas E. Herman sold 13,392 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $15.58, for a total transaction of $208,647.36. Following the transaction, the chief financial officer now owns 13,391 shares in the company, valued at $208,631.78. This represents a 50.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On Calamos Long/Short Equity & Dynamic Income Term Trust

Several large investors have recently made changes to their positions in the company. Sit Investment Associates Inc. increased its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 14.7% in the fourth quarter. Sit Investment Associates Inc. now owns 1,007,522 shares of the company’s stock worth $14,942,000 after purchasing an additional 129,034 shares during the period. Rivernorth Capital Management LLC grew its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 0.7% during the 3rd quarter. Rivernorth Capital Management LLC now owns 584,400 shares of the company’s stock worth $9,168,000 after buying an additional 3,968 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 24.2% during the fourth quarter. Advisors Asset Management Inc. now owns 486,773 shares of the company’s stock worth $7,219,000 after buying an additional 94,945 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the 4th quarter valued at $4,527,000. Finally, Penserra Capital Management LLC bought a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the third quarter worth $4,102,000.

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

Shares of CPZ stock traded down $0.10 during trading hours on Thursday, reaching $15.42. 35,606 shares of the company were exchanged, compared to its average volume of 71,706. The stock’s fifty day moving average is $15.36 and its two-hundred day moving average is $15.47. Calamos Long/Short Equity & Dynamic Income Term Trust has a fifty-two week low of $14.67 and a fifty-two week high of $16.03.

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

The company also recently announced a monthly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 13th will be paid a $0.14 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.68 annualized dividend and a dividend yield of 10.89%.

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

Calamos Investments is a global investment firm committed to excellence in investment management and client services. A global investment platform with focused, experienced teams, specialized by investment discipline. Serving the needs of institutional and individual investors since 1977. Offering a range of global investment solutions to work with a client’s asset allocation framework.