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

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

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Continuum Advisory LLC bought a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the second quarter valued at approximately $93,000. Rivernorth Capital Management LLC boosted its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 0.7% during the second quarter. Rivernorth Capital Management LLC now owns 465,879 shares of the company’s stock valued at $6,094,000 after acquiring an additional 3,368 shares during the period. IMC Chicago LLC acquired a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the second quarter valued at about $233,000. Almitas Capital LLC acquired a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the 2nd quarter worth about $505,000. Finally, Evolve Private Wealth LLC bought a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust during the 2nd quarter valued at approximately $886,000.

Calamos Long/Short Equity & Dynamic Income Term Trust Price Performance

Calamos Long/Short Equity & Dynamic Income Term Trust stock opened at $12.79 on Friday. Calamos Long/Short Equity & Dynamic Income Term Trust has a one year low of $12.41 and a one year high of $16.82. The company’s fifty day moving average price is $13.19 and its two-hundred day moving average price is $13.39.

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

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

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.