Calamos Strategic Total Return Fund (NASDAQ:CSQ) Short Interest Up 125.4% in August

Calamos Strategic Total Return Fund (NASDAQ:CSQ) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 96,952 shares, a growth of 125.4% from the August 15th total of 43,015 shares. Based on an average daily volume of 172,812 shares, the days-to-cover ratio is currently 0.6 days.

Calamos Strategic Total Return Fund Trading Down 0.7%

CSQ stock opened at $20.28 on Wednesday. Calamos Strategic Total Return Fund has a 1-year low of $16.41 and a 1-year high of $21.17. The firm has a fifty day moving average price of $20.63 and a two-hundred day moving average price of $19.77.

Calamos Strategic Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 21st. Investors of record on Monday, September 14th will be given a dividend of $0.135 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Monday, September 14th.

Hedge Funds Weigh In On Calamos Strategic Total Return Fund

A number of large investors have recently bought and sold shares of CSQ. Bank of America Corp DE raised its position in shares of Calamos Strategic Total Return Fund by 1.8% during the 1st quarter. Bank of America Corp DE now owns 4,857,535 shares of the investment management company’s stock worth $83,161,000 after purchasing an additional 84,345 shares during the period. Royal Bank of Canada grew its stake in Calamos Strategic Total Return Fund by 4.5% during the 1st quarter. Royal Bank of Canada now owns 2,118,216 shares of the investment management company’s stock worth $36,264,000 after buying an additional 91,551 shares during the last quarter. Cetera Investment Advisers increased its position in Calamos Strategic Total Return Fund by 3.7% in the first quarter. Cetera Investment Advisers now owns 782,626 shares of the investment management company’s stock worth $13,399,000 after buying an additional 27,839 shares during the period. Rockefeller Capital Management L.P. increased its position in Calamos Strategic Total Return Fund by 7.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 670,230 shares of the investment management company’s stock worth $12,868,000 after buying an additional 46,316 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in Calamos Strategic Total Return Fund by 4.3% in the first quarter. Janney Montgomery Scott LLC now owns 221,042 shares of the investment management company’s stock valued at $3,784,000 after buying an additional 9,110 shares during the last quarter.

About Calamos Strategic Total Return Fund

Calamos Strategic Total Return Fund (NASDAQ: CSQ) is a diversified, closed-end management investment company advised by Calamos Advisors LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.

To pursue its objective, CSQ invests in a portfolio of equity securities, convertible securities and fixed-income instruments. Its holdings may include investment-grade and below-investment-grade corporate debt, as well as securities issued by companies across a range of industries and market sectors.