Short Interest in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Drops By 36.1%

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 13,940 shares, a drop of 36.1% from the August 15th total of 21,817 shares. Based on an average daily trading volume, of 48,657 shares, the short-interest ratio is presently 0.3 days.

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

NASDAQ:CPZ traded up $0.03 during trading hours on Thursday, hitting $12.80. 25,931 shares of the company’s stock traded hands, compared to its average volume of 80,239. The stock’s fifty day moving average price is $13.21 and its two-hundred day moving average price is $13.41. Calamos Long/Short Equity & Dynamic Income Term Trust has a twelve month low of $12.41 and a twelve month high of $16.82.

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

The business also recently declared a monthly dividend, which will be paid on Monday, September 21st. Investors of record on Monday, September 14th will be issued a dividend of $0.14 per share. This represents a c) annualized dividend and a dividend yield of 13.1%. The ex-dividend date is Monday, September 14th.

Institutional Investors Weigh In On Calamos Long/Short Equity & Dynamic Income Term Trust

A number of institutional investors have recently modified their holdings of the stock. Evolve Private Wealth LLC purchased a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the 2nd quarter worth about $886,000. Closed End Fund Advisors Inc. acquired a new position in Calamos Long/Short Equity & Dynamic Income Term Trust in the fourth quarter worth approximately $2,070,000. Almitas Capital LLC bought a new position in Calamos Long/Short Equity & Dynamic Income Term Trust during the second quarter valued at approximately $505,000. Blue Bell Private Wealth Management LLC lifted its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 6.2% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 40,014 shares of the company’s stock valued at $585,000 after acquiring an additional 2,345 shares during the last quarter. Finally, Stephens Inc. AR grew its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 24.4% in the fourth quarter. Stephens Inc. AR now owns 62,115 shares of the company’s stock worth $908,000 after acquiring an additional 12,195 shares in the last quarter.

About Calamos Long/Short Equity & Dynamic Income Term Trust

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.