Calamos Strategic Total Return Fund (NASDAQ:CSQ) Sees Significant Increase in Short Interest

Calamos Strategic Total Return Fund (NASDAQ:CSQ) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 88,200 shares, a growth of 47.2% from the February 28th total of 59,900 shares. Based on an average daily trading volume, of 214,700 shares, the days-to-cover ratio is presently 0.4 days.

Insider Transactions at Calamos Strategic Total Return Fund

In other news, CFO Thomas E. Herman acquired 11,683 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average cost of $18.23 per share, for a total transaction of $212,981.09. Following the transaction, the chief financial officer now directly owns 11,683 shares of the company’s stock, valued at approximately $212,981.09. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On Calamos Strategic Total Return Fund

Institutional investors have recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC grew its stake in Calamos Strategic Total Return Fund by 8.5% during the fourth quarter. DAVENPORT & Co LLC now owns 226,184 shares of the investment management company’s stock valued at $4,006,000 after acquiring an additional 17,640 shares in the last quarter. Litman Gregory Wealth Management LLC grew its position in shares of Calamos Strategic Total Return Fund by 4.7% during the fourth quarter. Litman Gregory Wealth Management LLC now owns 22,500 shares of the investment management company’s stock valued at $398,000 after purchasing an additional 1,000 shares in the last quarter. PFG Investments LLC increased its holdings in shares of Calamos Strategic Total Return Fund by 19.9% in the fourth quarter. PFG Investments LLC now owns 32,805 shares of the investment management company’s stock worth $581,000 after purchasing an additional 5,447 shares during the last quarter. Bensler LLC lifted its position in shares of Calamos Strategic Total Return Fund by 1.9% in the fourth quarter. Bensler LLC now owns 964,340 shares of the investment management company’s stock worth $17,078,000 after buying an additional 17,966 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB bought a new position in Calamos Strategic Total Return Fund during the fourth quarter valued at approximately $27,000.

Calamos Strategic Total Return Fund Stock Performance

Shares of Calamos Strategic Total Return Fund stock opened at $16.18 on Tuesday. The stock’s 50-day simple moving average is $17.50 and its 200-day simple moving average is $17.65. Calamos Strategic Total Return Fund has a 52 week low of $15.22 and a 52 week high of $18.55.

Calamos Strategic Total Return Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 13th were paid a $0.1025 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.23 annualized dividend and a yield of 7.60%.

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.