Calamos Strategic Total Return Fund (NASDAQ:CSQ) Short Interest Update

Calamos Strategic Total Return Fund (NASDAQ:CSQ) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 15,400 shares, a drop of 83.7% from the July 31st total of 94,200 shares. Based on an average daily volume of 180,800 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CSQ. Wells Fargo & Company MN increased its holdings in Calamos Strategic Total Return Fund by 4.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,691,388 shares of the investment management company’s stock worth $40,021,000 after purchasing an additional 107,730 shares during the last quarter. Cornerstone Advisors LLC raised its holdings in Calamos Strategic Total Return Fund by 96.6% in the second quarter. Cornerstone Advisors LLC now owns 976,720 shares of the investment management company’s stock valued at $16,448,000 after acquiring an additional 479,973 shares in the last quarter. Cetera Investment Advisers boosted its stake in Calamos Strategic Total Return Fund by 6.5% during the 2nd quarter. Cetera Investment Advisers now owns 542,346 shares of the investment management company’s stock valued at $9,133,000 after acquiring an additional 32,974 shares during the last quarter. Cetera Advisors LLC grew its holdings in Calamos Strategic Total Return Fund by 5.5% during the 1st quarter. Cetera Advisors LLC now owns 389,919 shares of the investment management company’s stock worth $6,383,000 after acquiring an additional 20,214 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its position in shares of Calamos Strategic Total Return Fund by 6.6% in the 2nd quarter. Apollon Wealth Management LLC now owns 388,816 shares of the investment management company’s stock worth $6,548,000 after purchasing an additional 24,188 shares during the last quarter.

Calamos Strategic Total Return Fund Stock Performance

Shares of NASDAQ:CSQ traded up $0.04 during mid-day trading on Tuesday, hitting $17.03. 116,532 shares of the company traded hands, compared to its average volume of 199,002. The firm’s 50 day simple moving average is $16.81 and its 200 day simple moving average is $16.33. Calamos Strategic Total Return Fund has a 52-week low of $12.50 and a 52-week high of $17.61.

Calamos Strategic Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were paid a dividend of $0.102 per share. The ex-dividend date was Friday, August 9th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 7.19%.

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.