Calamos Strategic Total Return Fund (NASDAQ:CSQ) Sees Significant Drop in Short Interest

Calamos Strategic Total Return Fund (NASDAQ:CSQGet Free Report) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 29,449 shares, a drop of 48.7% from the December 31st total of 57,422 shares. Based on an average daily trading volume, of 290,539 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 290,539 shares, the days-to-cover ratio is presently 0.1 days.

Calamos Strategic Total Return Fund Stock Down 0.3%

Calamos Strategic Total Return Fund stock traded down $0.07 during midday trading on Friday, reaching $19.32. The company’s stock had a trading volume of 172,759 shares, compared to its average volume of 273,268. The business has a 50-day simple moving average of $19.23 and a 200-day simple moving average of $18.93. Calamos Strategic Total Return Fund has a fifty-two week low of $13.11 and a fifty-two week high of $19.83.

Calamos Strategic Total Return Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 9th. Investors of record on Tuesday, December 30th were paid a dividend of $0.1225 per share. The ex-dividend date was Tuesday, December 30th. This represents a c) dividend on an annualized basis and a yield of 7.6%. This is an increase from Calamos Strategic Total Return Fund’s previous monthly dividend of $0.10.

Institutional Investors Weigh In On Calamos Strategic Total Return Fund

Several hedge funds have recently made changes to their positions in CSQ. Bank of America Corp DE grew its stake in shares of Calamos Strategic Total Return Fund by 1.0% in the 3rd quarter. Bank of America Corp DE now owns 4,783,958 shares of the investment management company’s stock valued at $92,283,000 after purchasing an additional 48,205 shares during the last quarter. Cornerstone Advisors LLC grew its position in Calamos Strategic Total Return Fund by 53.7% in the 3rd quarter. Cornerstone Advisors LLC now owns 2,211,013 shares of the investment management company’s stock valued at $42,650,000 after buying an additional 772,878 shares during the last quarter. Raymond James Financial Inc. increased its stake in Calamos Strategic Total Return Fund by 3.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,995,245 shares of the investment management company’s stock valued at $36,393,000 after buying an additional 67,576 shares during the period. Bensler LLC raised its position in Calamos Strategic Total Return Fund by 1.3% during the 3rd quarter. Bensler LLC now owns 1,007,582 shares of the investment management company’s stock worth $19,436,000 after buying an additional 13,106 shares during the last quarter. Finally, McGowan Group Asset Management Inc. boosted its holdings in shares of Calamos Strategic Total Return Fund by 0.6% in the fourth quarter. McGowan Group Asset Management Inc. now owns 797,580 shares of the investment management company’s stock valued at $15,314,000 after acquiring an additional 5,095 shares in the last quarter.

Calamos Strategic Total Return Fund Company Profile

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