Short Interest in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Rises By 7.5%

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 51,800 shares, a growth of 7.5% from the January 15th total of 48,200 shares. Based on an average daily trading volume, of 79,600 shares, the days-to-cover ratio is currently 0.7 days.

Insider Buying and Selling at Calamos Long/Short Equity & Dynamic Income Term Trust

In other news, CFO Thomas E. Herman sold 13,392 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $15.58, for a total transaction of $208,647.36. Following the completion of the sale, the chief financial officer now owns 13,391 shares in the company, valued at approximately $208,631.78. The trade was a 50.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On Calamos Long/Short Equity & Dynamic Income Term Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. lifted its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 0.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 197,120 shares of the company’s stock worth $2,923,000 after acquiring an additional 1,059 shares in the last quarter. Bank of America Corp DE lifted its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 55.1% during the 4th quarter. Bank of America Corp DE now owns 3,500 shares of the company’s stock worth $52,000 after acquiring an additional 1,244 shares in the last quarter. LPL Financial LLC raised its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 1.4% in the 4th quarter. LPL Financial LLC now owns 114,315 shares of the company’s stock valued at $1,695,000 after purchasing an additional 1,538 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 7.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 41,097 shares of the company’s stock valued at $610,000 after purchasing an additional 3,019 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 9.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 35,356 shares of the company’s stock valued at $524,000 after purchasing an additional 3,160 shares in the last quarter.

Calamos Long/Short Equity & Dynamic Income Term Trust Stock Down 0.3 %

Shares of NASDAQ:CPZ traded down $0.05 during trading on Tuesday, reaching $15.20. 56,250 shares of the stock were exchanged, compared to its average volume of 76,344. Calamos Long/Short Equity & Dynamic Income Term Trust has a 12-month low of $14.67 and a 12-month high of $16.03. The firm’s 50-day moving average price is $15.33 and its 200 day moving average price is $15.47.

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

The company also recently announced a monthly dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 11.05%. The ex-dividend date of this dividend is Thursday, February 13th.

About Calamos Long/Short Equity & Dynamic Income Term Trust

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.