Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Short Interest Update

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 31,980 shares, a growth of 101.6% from the July 15th total of 15,866 shares. Based on an average daily volume of 97,860 shares, the days-to-cover ratio is currently 0.3 days.

Calamos Long/Short Equity & Dynamic Income Term Trust Trading Down 1.6%

Shares of CPZ traded down $0.22 during mid-day trading on Friday, reaching $13.48. The company had a trading volume of 42,319 shares, compared to its average volume of 84,065. Calamos Long/Short Equity & Dynamic Income Term Trust has a twelve month low of $12.41 and a twelve month high of $16.82. The company’s 50-day moving average is $13.12 and its 200-day moving average is $13.70.

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

The business also recently declared a monthly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 14th will be given a $0.14 dividend. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date is Friday, August 14th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake 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 valued at $52,000 after purchasing an additional 1,244 shares in the last quarter. Invesco Ltd. lifted its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 7.5% during the 4th quarter. Invesco Ltd. now owns 11,207 shares of the company’s stock valued at $164,000 after purchasing an additional 785 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Calamos Long/Short Equity & Dynamic Income Term Trust during the 3rd quarter valued at about $184,000. XTX Topco Ltd acquired a new position in Calamos Long/Short Equity & Dynamic Income Term Trust in the second quarter valued at about $201,000. Finally, Readystate Asset Management LP acquired a new position in Calamos Long/Short Equity & Dynamic Income Term Trust in the fourth quarter valued at about $203,000.

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.