Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Sees Significant Increase in Short Interest

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 29,500 shares, a growth of 8.1% from the September 15th total of 27,300 shares. Based on an average daily volume of 70,200 shares, the days-to-cover ratio is currently 0.4 days.

Insider Activity at Calamos Long/Short Equity & Dynamic Income Term Trust

In other news, VP John S. Koudounis sold 24,739 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of 15.41, for a total value of 381,227.99. The transaction was disclosed in a filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CPZ. Nomura Holdings Inc. bought a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust during the 4th quarter valued at about $152,000. Brookstone Capital Management increased its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 21.3% during the first quarter. Brookstone Capital Management now owns 14,747 shares of the company’s stock valued at $228,000 after acquiring an additional 2,591 shares in the last quarter. Private Advisor Group LLC raised its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 26.9% in the 1st quarter. Private Advisor Group LLC now owns 54,800 shares of the company’s stock worth $846,000 after acquiring an additional 11,630 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 6.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 25,568 shares of the company’s stock valued at $395,000 after acquiring an additional 1,528 shares in the last quarter. Finally, Whittier Trust Co. purchased a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust during the 1st quarter valued at $116,000.

Calamos Long/Short Equity & Dynamic Income Term Trust Stock Performance

Shares of CPZ opened at 15.57 on Friday. Calamos Long/Short Equity & Dynamic Income Term Trust has a fifty-two week low of 13.17 and a fifty-two week high of 16.03. The firm’s 50-day simple moving average is 15.52 and its two-hundred day simple moving average is 15.45.

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

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 15th will be paid a $0.14 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.68 annualized dividend and a dividend yield of 10.79%.

Calamos Long/Short Equity & Dynamic Income Term Trust Company Profile

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.