Calamos Strategic Total Return Fund (NASDAQ:CSQ) Short Interest Up 47.2% in March

Calamos Strategic Total Return Fund (NASDAQ:CSQ) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 88,200 shares, an increase of 47.2% from the February 28th total of 59,900 shares. Based on an average daily trading volume, of 214,700 shares, the short-interest ratio is presently 0.4 days.

Insiders Place Their Bets

In other Calamos Strategic Total Return Fund news, CFO Thomas E. Herman bought 11,683 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of $18.23 per share, with a total value of $212,981.09. Following the completion of the acquisition, the chief financial officer now owns 11,683 shares of the company’s stock, valued at approximately $212,981.09. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Walleye Capital LLC bought a new stake in shares of Calamos Strategic Total Return Fund during the third quarter valued at approximately $675,000. Rockefeller Capital Management L.P. increased its position in Calamos Strategic Total Return Fund by 1.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 362,352 shares of the investment management company’s stock valued at $6,287,000 after acquiring an additional 3,671 shares during the period. EP Wealth Advisors LLC bought a new stake in Calamos Strategic Total Return Fund during the 3rd quarter valued at $508,000. MML Investors Services LLC boosted its position in Calamos Strategic Total Return Fund by 8.6% during the 3rd quarter. MML Investors Services LLC now owns 11,477 shares of the investment management company’s stock worth $199,000 after acquiring an additional 909 shares during the period. Finally, Arete Wealth Advisors LLC raised its stake in shares of Calamos Strategic Total Return Fund by 5.5% during the third quarter. Arete Wealth Advisors LLC now owns 38,471 shares of the investment management company’s stock valued at $664,000 after purchasing an additional 2,021 shares in the last quarter.

Calamos Strategic Total Return Fund Price Performance

NASDAQ CSQ traded down $0.29 during trading hours on Friday, hitting $16.27. The company had a trading volume of 215,245 shares, compared to its average volume of 195,624. Calamos Strategic Total Return Fund has a fifty-two week low of $15.22 and a fifty-two week high of $18.55. The business has a fifty day simple moving average of $17.54 and a 200-day simple moving average of $17.65.

Calamos Strategic Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 13th were issued a $0.1025 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 7.56%.

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.