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

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 51,800 shares, an increase of 7.5% from the January 15th total of 48,200 shares. Based on an average daily volume of 79,600 shares, the short-interest ratio is currently 0.7 days.

Insiders Place Their Bets

In other Calamos Long/Short Equity & Dynamic Income Term Trust news, CFO Thomas E. Herman sold 13,392 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $15.58, for a total value of $208,647.36. Following the transaction, the chief financial officer now owns 13,391 shares of the company’s stock, valued at approximately $208,631.78. The trade was a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Calamos Long/Short Equity & Dynamic Income Term Trust

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in Calamos Long/Short Equity & Dynamic Income Term Trust in the 4th quarter worth about $4,527,000. Penserra Capital Management LLC bought a new position in Calamos Long/Short Equity & Dynamic Income Term Trust in the 3rd quarter worth about $4,102,000. Sit Investment Associates Inc. increased its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 14.7% in the 4th quarter. Sit Investment Associates Inc. now owns 1,007,522 shares of the company’s stock worth $14,942,000 after acquiring an additional 129,034 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 38.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 391,828 shares of the company’s stock worth $6,148,000 after acquiring an additional 108,858 shares during the last quarter. Finally, Integrity Wealth Advisors Inc. bought a new position in Calamos Long/Short Equity & Dynamic Income Term Trust in the 4th quarter worth about $755,000.

Calamos Long/Short Equity & Dynamic Income Term Trust Stock Down 0.3 %

Shares of NASDAQ CPZ traded down $0.05 during trading on Tuesday, reaching $15.20. 56,250 shares of the stock traded hands, compared to its average volume of 76,344. Calamos Long/Short Equity & Dynamic Income Term Trust has a 52-week low of $14.67 and a 52-week high of $16.03. The company has a 50-day moving average of $15.33 and a 200-day moving average of $15.47.

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

The company also recently declared a monthly dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, February 13th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 11.05%.

About Calamos Long/Short Equity & Dynamic Income Term Trust

Calamos Investments is a global investment firm committed to excellence in investment management and client services. A global investment platform with focused, experienced teams, specialized by investment discipline. Serving the needs of institutional and individual investors since 1977. Offering a range of global investment solutions to work with a client’s asset allocation framework.