Closed End Fund Advisors Inc. Invests $2.07 Million in Calamos Long/Short Equity & Dynamic Income Term Trust $CPZ

Closed End Fund Advisors Inc. acquired a new position in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 141,572 shares of the company’s stock, valued at approximately $2,070,000. Calamos Long/Short Equity & Dynamic Income Term Trust makes up about 1.2% of Closed End Fund Advisors Inc.’s investment portfolio, making the stock its 22nd biggest position.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 55.1% in the 4th quarter. Bank of America Corp DE now owns 3,500 shares of the company’s stock worth $52,000 after purchasing an additional 1,244 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the 3rd quarter worth $184,000. XTX Topco Ltd acquired a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the 2nd quarter worth $201,000. Level Four Advisory Services LLC acquired a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the 3rd quarter worth $229,000. Finally, Comerica Bank raised its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 6.0% in the 3rd quarter. Comerica Bank now owns 17,766 shares of the company’s stock worth $287,000 after acquiring an additional 1,000 shares during the last quarter.

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

Shares of CPZ stock opened at $12.72 on Friday. The business has a fifty day moving average of $13.45 and a 200 day moving average of $14.32. Calamos Long/Short Equity & Dynamic Income Term Trust has a 1 year low of $12.41 and a 1 year high of $16.82.

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

The company also recently announced a monthly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 12th will be paid a $0.14 dividend. The ex-dividend date is Friday, June 12th. This represents a c) dividend on an annualized basis and a yield of 13.2%.

Calamos Long/Short Equity & Dynamic Income Term Trust 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.