Sit Investment Associates Inc. Has $14.31 Million Holdings in Calamos Long/Short Equity & Dynamic Income Term Trust $CPZ

Sit Investment Associates Inc. cut its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 978,911 shares of the company’s stock after selling 101,157 shares during the quarter. Sit Investment Associates Inc.’s holdings in Calamos Long/Short Equity & Dynamic Income Term Trust were worth $14,312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPZ. Raymond James Financial Inc. grew its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 3.9% during the third quarter. Raymond James Financial Inc. now owns 455,147 shares of the company’s stock worth $7,355,000 after buying an additional 17,042 shares in the last quarter. LPL Financial LLC lifted its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 10.7% during the 4th quarter. LPL Financial LLC now owns 241,078 shares of the company’s stock valued at $3,525,000 after acquiring an additional 23,293 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 0.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 221,036 shares of the company’s stock worth $3,232,000 after purchasing an additional 1,589 shares in the last quarter. Closed End Fund Advisors Inc. acquired a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the 4th quarter worth $2,070,000. Finally, Shaker Financial Services LLC bought a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the fourth quarter worth $1,853,000.

Calamos Long/Short Equity & Dynamic Income Term Trust Stock Down 0.2%

CPZ stock opened at $12.99 on Friday. Calamos Long/Short Equity & Dynamic Income Term Trust has a 52 week low of $12.41 and a 52 week high of $16.82. The business has a 50-day simple moving average of $13.41 and a 200 day simple moving average of $14.26.

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

The company also recently declared a monthly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 12th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 12.9%.

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

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.