Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Sees Large Growth in Short Interest

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 19,679 shares, an increase of 1,303.6% from the May 31st total of 1,402 shares. Based on an average daily volume of 73,297 shares, the days-to-cover ratio is currently 0.3 days.

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

NASDAQ CPZ traded down $0.01 during trading hours on Friday, hitting $13.01. The company’s stock had a trading volume of 42,923 shares, compared to its average volume of 83,740. Calamos Long/Short Equity & Dynamic Income Term Trust has a 12 month low of $12.41 and a 12 month high of $16.82. The company’s 50 day simple moving average is $13.21 and its two-hundred day simple moving average is $14.11.

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

The business also recently declared a monthly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 12th were paid a $0.14 dividend. The ex-dividend date was Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC bought a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust in the 4th quarter worth approximately $578,000. Closed End Fund Advisors Inc. bought a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the 4th quarter valued at $2,070,000. Shaker Financial Services LLC bought a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the 4th quarter valued at $1,853,000. Janney Montgomery Scott LLC boosted its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 79,747 shares of the company’s stock worth $1,166,000 after buying an additional 1,127 shares during the last quarter. Finally, Evolve Private Wealth LLC purchased a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the 4th quarter worth $1,009,000.

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.