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 drop in short interest in May. As of May 29th, there was short interest totaling 1,402 shares, a drop of 91.5% from the May 14th total of 16,485 shares. Based on an average daily volume of 98,665 shares, the days-to-cover ratio is currently 0.0 days.

Calamos Long/Short Equity & Dynamic Income Term Trust Stock Up 0.1%

CPZ stock traded up $0.01 during midday trading on Tuesday, reaching $12.89. 50,802 shares of the company were exchanged, compared to its average volume of 84,383. Calamos Long/Short Equity & Dynamic Income Term Trust has a 1-year low of $12.41 and a 1-year high of $16.82. The stock’s 50-day simple moving average is $13.43 and its 200 day simple moving average is $14.29.

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

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 12th will be paid a $0.14 dividend. This represents a c) annualized dividend and a yield of 13.0%. The ex-dividend date is Friday, June 12th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Readystate Asset Management LP increased its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 259.8% during the first quarter. Readystate Asset Management LP now owns 50,009 shares of the company’s stock worth $679,000 after buying an additional 36,109 shares during the period. Royal Bank of Canada grew its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 14.9% during the 1st quarter. Royal Bank of Canada now owns 58,471 shares of the company’s stock worth $793,000 after purchasing an additional 7,585 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the first quarter worth about $229,000. Sovran Advisors LLC boosted its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 31.3% during the first quarter. Sovran Advisors LLC now owns 16,577 shares of the company’s stock worth $226,000 after buying an additional 3,956 shares during the period. Finally, Stephens Inc. AR boosted its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 2.9% during 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.

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.