Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Sees Significant Increase in Short Interest

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 16,485 shares, a growth of 175.4% from the April 30th total of 5,986 shares. Based on an average daily volume of 79,449 shares, the short-interest ratio is presently 0.2 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 55.1% in the fourth quarter. Bank of America Corp DE now owns 3,500 shares of the company’s stock worth $52,000 after buying an additional 1,244 shares during the period. Invesco Ltd. boosted its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 7.5% in the 4th quarter. Invesco Ltd. now owns 11,207 shares of the company’s stock worth $164,000 after purchasing an additional 785 shares during the period. Belpointe Asset Management LLC purchased a new position in Calamos Long/Short Equity & Dynamic Income Term Trust during the 3rd quarter worth approximately $171,000. Sovran Advisors LLC acquired a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust during the 3rd quarter valued at $182,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the third quarter valued at $184,000.

Calamos Long/Short Equity & Dynamic Income Term Trust Trading Up 0.9%

CPZ stock traded up $0.12 during midday trading on Friday, reaching $13.05. 41,708 shares of the company’s stock traded hands, compared to its average volume of 85,139. Calamos Long/Short Equity & Dynamic Income Term Trust has a fifty-two week low of $12.73 and a fifty-two week high of $16.82. The business has a 50-day moving average price of $13.55 and a two-hundred day moving average price of $14.40.

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

The company also recently declared a monthly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a c) annualized dividend and a yield of 12.9%.

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.