Short Interest in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Rises By 26.8%

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 65,700 shares, a growth of 26.8% from the January 31st total of 51,800 shares. Based on an average daily trading volume, of 80,000 shares, the days-to-cover ratio is presently 0.8 days.

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

Shares of CPZ stock traded down $0.05 on Wednesday, hitting $15.53. 48,039 shares of the stock were exchanged, compared to its average volume of 72,564. The firm’s 50 day moving average is $15.36 and its two-hundred day moving average is $15.47. Calamos Long/Short Equity & Dynamic Income Term Trust has a one year low of $14.67 and a one year high of $16.03.

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

The business also recently announced a monthly dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, February 13th were paid a $0.14 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.68 annualized dividend and a yield of 10.82%.

Insider Buying and Selling

In other news, CFO Thomas E. Herman sold 13,392 shares of Calamos Long/Short Equity & Dynamic Income Term Trust stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $15.58, for a total transaction of $208,647.36. Following the sale, the chief financial officer now directly owns 13,391 shares in the company, valued at $208,631.78. The trade was a 50.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 55.1% in the fourth quarter. Bank of America Corp DE now owns 3,500 shares of the company’s stock worth $52,000 after purchasing an additional 1,244 shares during the period. Integrated Advisors Network LLC purchased a new position in Calamos Long/Short Equity & Dynamic Income Term Trust during the fourth quarter worth about $168,000. Walleye Capital LLC bought a new position in Calamos Long/Short Equity & Dynamic Income Term Trust in the 3rd quarter worth about $290,000. Shaker Financial Services LLC raised its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 38.7% in the 3rd quarter. Shaker Financial Services LLC now owns 21,188 shares of the company’s stock valued at $332,000 after acquiring an additional 5,916 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 9.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 35,356 shares of the company’s stock valued at $524,000 after acquiring an additional 3,160 shares in the last quarter.

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.