Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Short Interest Update

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 37,500 shares, an increase of 27.1% from the September 30th total of 29,500 shares. Based on an average daily volume of 59,300 shares, the days-to-cover ratio is presently 0.6 days.

Insider Transactions at Calamos Long/Short Equity & Dynamic Income Term Trust

In other news, VP John S. Koudounis sold 24,739 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of 15.41, for a total value of 381,227.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Institutional Investors 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 company. Whittier Trust Co. bought a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust during the first quarter valued at $116,000. Sykon Capital LLC bought a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the second quarter valued at about $152,000. Catalina Capital Group LLC bought a new position in Calamos Long/Short Equity & Dynamic Income Term Trust during the 1st quarter valued at approximately $158,000. Optimum Investment Advisors raised its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 43.0% during the second quarter. Optimum Investment Advisors now owns 13,300 shares of the company’s stock valued at $203,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Brookstone Capital Management lifted its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 21.3% in the first quarter. Brookstone Capital Management now owns 14,747 shares of the company’s stock worth $228,000 after acquiring an additional 2,591 shares during the period.

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

CPZ remained flat at 15.57 during midday trading on Wednesday. 12,254 shares of the company’s stock were exchanged, compared to its average volume of 59,843. The business’s 50-day moving average price is 15.56 and its 200-day moving average price is 15.47. Calamos Long/Short Equity & Dynamic Income Term Trust has a 52-week low of 13.61 and a 52-week high of 16.03.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 15th were given a $0.14 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 10.79%. The ex-dividend date of this dividend was Tuesday, October 15th.

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.