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

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 1,402 shares, a decline of 91.5% from the May 14th total of 16,485 shares. Based on an average daily trading volume, of 98,665 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Calamos Long/Short Equity & Dynamic Income Term Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Readystate Asset Management LP raised its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 259.8% in the 1st quarter. Readystate Asset Management LP now owns 50,009 shares of the company’s stock worth $679,000 after acquiring an additional 36,109 shares in the last quarter. Royal Bank of Canada raised its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 14.9% in the 1st quarter. Royal Bank of Canada now owns 58,471 shares of the company’s stock worth $793,000 after acquiring an additional 7,585 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the 1st quarter worth $229,000. Sovran Advisors LLC raised its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 31.3% in the 1st quarter. Sovran Advisors LLC now owns 16,577 shares of the company’s stock worth $226,000 after acquiring an additional 3,956 shares in the last quarter. Finally, Stephens Inc. AR raised its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 2.9% in the 1st quarter. Stephens Inc. AR now owns 63,890 shares of the company’s stock worth $867,000 after acquiring an additional 1,775 shares in the last quarter.

Calamos Long/Short Equity & Dynamic Income Term Trust Stock Up 1.6%

CPZ traded up $0.21 during trading on Wednesday, reaching $13.10. The stock had a trading volume of 100,809 shares, compared to its average volume of 84,183. Calamos Long/Short Equity & Dynamic Income Term Trust has a one year low of $12.41 and a one year high of $16.82. The business has a 50-day moving average of $13.43 and a 200-day moving average of $14.29.

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

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 12th will be given a dividend of $0.14 per share. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend is Friday, June 12th.

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.