Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Plans $0.14 Monthly Dividend

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) declared a monthly dividend on Monday, June 1st. Stockholders of record on Friday, June 12th will be paid a dividend of 0.14 per share on Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend is Friday, June 12th.

Calamos Long/Short Equity & Dynamic Income Term Trust Trading Up 0.5%

Shares of NASDAQ CPZ opened at $13.11 on Tuesday. The firm’s 50-day moving average price is $13.53 and its 200-day moving average price is $14.38. Calamos Long/Short Equity & Dynamic Income Term Trust has a 1-year low of $12.73 and a 1-year high of $16.82.

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

Several institutional investors have recently made changes to their positions in the stock. Rivernorth Capital Management LLC raised its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 14.2% during the fourth quarter. Rivernorth Capital Management LLC now owns 489,213 shares of the company’s stock valued at $7,152,000 after purchasing an additional 60,904 shares during the period. Raymond James Financial Inc. raised its holdings in shares of 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 valued at $7,355,000 after purchasing an additional 17,042 shares during the period. Penserra Capital Management LLC raised its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 14.4% during the third quarter. Penserra Capital Management LLC now owns 302,794 shares of the company’s stock valued at $4,893,000 after purchasing an additional 38,105 shares during the period. LPL Financial LLC increased its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 10.7% during the fourth quarter. LPL Financial LLC now owns 241,078 shares of the company’s stock worth $3,525,000 after acquiring an additional 23,293 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 0.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 221,036 shares of the company’s stock worth $3,232,000 after acquiring an additional 1,589 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.