Short Interest in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Drops By 36.1%

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 13,940 shares, a drop of 36.1% from the August 15th total of 21,817 shares. Based on an average daily volume of 48,657 shares, the days-to-cover ratio is currently 0.3 days.

Calamos Long/Short Equity & Dynamic Income Term Trust Trading Up 0.2%

Shares of Calamos Long/Short Equity & Dynamic Income Term Trust stock traded up $0.03 during trading on Thursday, hitting $12.80. The stock had a trading volume of 25,931 shares, compared to its average volume of 80,239. The business has a fifty day moving average of $13.21 and a two-hundred day moving average of $13.41. Calamos Long/Short Equity & Dynamic Income Term Trust has a fifty-two week low of $12.41 and a fifty-two week high of $16.82.

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

The firm also recently declared a monthly dividend, which will be paid on Monday, September 21st. Shareholders of record on Monday, September 14th will be issued a $0.14 dividend. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date of this dividend is Monday, September 14th.

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

Hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC increased its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 2.5% in the first quarter. Private Advisor Group LLC now owns 62,150 shares of the company’s stock valued at $843,000 after buying an additional 1,500 shares in the last quarter. Brookstone Capital Management increased its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 4.2% in the 1st quarter. Brookstone Capital Management now owns 38,258 shares of the company’s stock worth $519,000 after purchasing an additional 1,544 shares in the last quarter. Stephens Inc. AR boosted its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 2.9% in the first quarter. Stephens Inc. AR now owns 63,890 shares of the company’s stock worth $867,000 after buying an additional 1,775 shares during the period. Blue Bell Private Wealth Management LLC increased its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 6.2% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 40,014 shares of the company’s stock worth $585,000 after acquiring an additional 2,345 shares in the last quarter. Finally, Rivernorth Capital Management LLC increased its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 0.7% in the second quarter. Rivernorth Capital Management LLC now owns 465,879 shares of the company’s stock worth $6,094,000 after acquiring an additional 3,368 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.