Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ – Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 9,500 shares, a drop of 57.2% from the May 15th total of 22,200 shares. Based on an average daily trading volume, of 56,400 shares, the days-to-cover ratio is currently 0.2 days.
Calamos Long/Short Equity & Dynamic Income Term Trust Price Performance
NASDAQ:CPZ traded down 0.30 during mid-day trading on Friday, hitting 15.10. 101,100 shares of the stock traded hands, compared to its average volume of 56,568. Calamos Long/Short Equity & Dynamic Income Term Trust has a 12-month low of 13.17 and a 12-month high of 16.11. The business’s 50-day moving average price is 15.43 and its 200 day moving average price is 15.10.
Calamos Long/Short Equity & Dynamic Income Term Trust Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 14th will be issued a $0.14 dividend. This represents a $1.68 annualized dividend and a dividend yield of 11.13%. The ex-dividend date is Friday, June 14th.
Insider Activity
Hedge Funds Weigh In On Calamos Long/Short Equity & Dynamic Income Term Trust
Several hedge funds have recently modified their holdings of the stock. UBS Group AG increased its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 18.2% in the third quarter. UBS Group AG now owns 484,691 shares of the company’s stock worth $7,169,000 after purchasing an additional 74,567 shares during the last quarter. Saba Capital Management L.P. increased its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 70.4% in the third quarter. Saba Capital Management L.P. now owns 400,819 shares of the company’s stock worth $5,928,000 after purchasing an additional 165,626 shares during the last quarter. Cornerstone Advisors LLC increased its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 31.9% in the fourth quarter. Cornerstone Advisors LLC now owns 225,640 shares of the company’s stock worth $3,260,000 after purchasing an additional 54,623 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 6.7% in the first quarter. Oppenheimer & Co. Inc. now owns 185,175 shares of the company’s stock worth $2,857,000 after purchasing an additional 11,631 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 3.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 143,440 shares of the company’s stock valued at $2,213,000 after acquiring an additional 5,033 shares during 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.
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