Short Interest in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Increases By 68.6%

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 8,600 shares, an increase of 68.6% from the March 31st total of 5,100 shares. Based on an average daily volume of 57,600 shares, the days-to-cover ratio is presently 0.1 days.

Calamos Long/Short Equity & Dynamic Income Term Trust Trading Up 1.1 %

CPZ stock opened at 15.53 on Monday. Calamos Long/Short Equity & Dynamic Income Term Trust has a fifty-two week low of 13.17 and a fifty-two week high of 16.11. The stock has a fifty day moving average of 15.14 and a 200-day moving average of 14.77.

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

The company also recently declared a monthly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 12th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, April 11th. This represents a $1.68 annualized dividend and a dividend yield of 10.82%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CPZ. UBS Group AG boosted its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 18.2% in the 3rd quarter. UBS Group AG now owns 484,691 shares of the company’s stock worth $7,169,000 after purchasing an additional 74,567 shares during the period. Saba Capital Management L.P. boosted its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 70.4% in the 3rd quarter. Saba Capital Management L.P. now owns 400,819 shares of the company’s stock worth $5,928,000 after purchasing an additional 165,626 shares during the period. Cornerstone Advisors LLC boosted its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 31.9% in the 4th quarter. Cornerstone Advisors LLC now owns 225,640 shares of the company’s stock worth $3,260,000 after purchasing an additional 54,623 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 7.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 173,544 shares of the company’s stock worth $2,508,000 after purchasing an additional 12,678 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 3.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 143,440 shares of the company’s stock worth $2,213,000 after purchasing an additional 5,033 shares during the period.

About Calamos Long/Short Equity & Dynamic Income Term Trust

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.