Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 27,400 shares, a growth of 188.4% from the May 31st total of 9,500 shares. Based on an average daily volume of 56,000 shares, the days-to-cover ratio is currently 0.5 days.
Insiders Place Their Bets
In other news, CFO Thomas E. Herman purchased 16,308 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average cost of 15.55 per share, with a total value of 253,589.40. Following the purchase, the chief financial officer now owns 26,783 shares in the company, valued at 416,475.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Institutional Investors Weigh In On Calamos Long/Short Equity & Dynamic Income Term Trust
Several large investors have recently made changes to their positions in CPZ. Whittier Trust Co. bought a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the 1st quarter worth $116,000. Catalina Capital Group LLC bought a new position in Calamos Long/Short Equity & Dynamic Income Term Trust during the first quarter worth about $158,000. Nomura Holdings Inc. purchased a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the fourth quarter worth about $152,000. Kayne Anderson Capital Advisors LP bought a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the fourth quarter valued at approximately $171,000. Finally, Brookstone Capital Management purchased a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the 4th quarter valued at approximately $176,000.
Calamos Long/Short Equity & Dynamic Income Term Trust Price Performance
Calamos Long/Short Equity & Dynamic Income Term Trust Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, June 14th were issued a dividend of $0.14 per share. The ex-dividend date was Friday, June 14th. This represents a $1.68 dividend on an annualized basis and a yield of 11.02%.
Calamos Long/Short Equity & Dynamic Income Term Trust Company Profile
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.
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