Calamos Strategic Total Return Fund (NASDAQ:CSQ) Short Interest Up 40.9% in August

Calamos Strategic Total Return Fund (NASDAQ:CSQ) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 21,700 shares, an increase of 40.9% from the August 15th total of 15,400 shares. Based on an average daily volume of 181,500 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in Calamos Strategic Total Return Fund during the 2nd quarter worth $2,973,000. Cetera Investment Advisers raised its holdings in shares of Calamos Strategic Total Return Fund by 6.5% in the second quarter. Cetera Investment Advisers now owns 542,346 shares of the investment management company’s stock valued at $9,133,000 after buying an additional 32,974 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Calamos Strategic Total Return Fund by 44.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,444 shares of the investment management company’s stock valued at $142,000 after buying an additional 2,579 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Calamos Strategic Total Return Fund by 1.8% during the second quarter. NewEdge Advisors LLC now owns 60,315 shares of the investment management company’s stock worth $1,016,000 after buying an additional 1,077 shares during the period. Finally, Insigneo Advisory Services LLC purchased a new position in shares of Calamos Strategic Total Return Fund during the second quarter worth about $265,000.

Calamos Strategic Total Return Fund Price Performance

CSQ stock traded down $0.05 during trading on Monday, hitting $16.79. 39,338 shares of the company’s stock were exchanged, compared to its average volume of 195,174. Calamos Strategic Total Return Fund has a 52-week low of $12.50 and a 52-week high of $17.61. The business has a 50-day moving average price of $16.76 and a two-hundred day moving average price of $16.43.

Calamos Strategic Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, September 13th will be given a dividend of $0.102 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date of this dividend is Friday, September 13th.

Calamos Strategic Total Return Fund Company Profile

Calamos Strategic Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.