Calamos Strategic Total Return Fund (NASDAQ:CSQ) Sees Significant Growth in Short Interest

Calamos Strategic Total Return Fund (NASDAQ:CSQ) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 74,500 shares, a growth of 189.9% from the December 15th total of 25,700 shares. Based on an average daily volume of 191,900 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Calamos Strategic Total Return Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in CSQ. Aviance Capital Partners LLC raised its stake in Calamos Strategic Total Return Fund by 0.6% in the third quarter. Aviance Capital Partners LLC now owns 98,712 shares of the investment management company’s stock worth $1,713,000 after buying an additional 599 shares in the last quarter. Conning Inc. lifted its stake in shares of Calamos Strategic Total Return Fund by 1.8% during the 3rd quarter. Conning Inc. now owns 50,086 shares of the investment management company’s stock worth $869,000 after purchasing an additional 892 shares during the last quarter. MML Investors Services LLC boosted its position in Calamos Strategic Total Return Fund by 8.6% during the third quarter. MML Investors Services LLC now owns 11,477 shares of the investment management company’s stock valued at $199,000 after purchasing an additional 909 shares in the last quarter. NewEdge Advisors LLC grew its stake in Calamos Strategic Total Return Fund by 1.8% in the second quarter. NewEdge Advisors LLC now owns 60,315 shares of the investment management company’s stock valued at $1,016,000 after purchasing an additional 1,077 shares during the last quarter. Finally, Brookstone Capital Management grew its stake in Calamos Strategic Total Return Fund by 7.9% in the third quarter. Brookstone Capital Management now owns 18,526 shares of the investment management company’s stock valued at $321,000 after purchasing an additional 1,353 shares during the last quarter.

Calamos Strategic Total Return Fund Trading Up 2.2 %

Shares of NASDAQ CSQ traded up $0.38 during mid-day trading on Wednesday, reaching $17.95. The company had a trading volume of 255,743 shares, compared to its average volume of 210,016. Calamos Strategic Total Return Fund has a 52 week low of $14.78 and a 52 week high of $18.52. The business’s 50-day moving average is $17.98 and its 200-day moving average is $17.36.

Calamos Strategic Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were issued a dividend of $0.1025 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.23 annualized dividend and a yield of 6.85%.

About Calamos Strategic Total Return Fund

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.