Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Announces $0.14 Dividend

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) announced a dividend on Monday, March 2nd, NASDAQ Dividends reports. Stockholders of record on Friday, March 13th will be given a dividend of 0.14 per share on Friday, March 20th. The ex-dividend date is Friday, March 13th.

Calamos Long/Short Equity & Dynamic Income Term Trust Stock Up 0.8%

Shares of NASDAQ CPZ traded up $0.12 during midday trading on Wednesday, reaching $14.79. The company’s stock had a trading volume of 96,269 shares, compared to its average volume of 75,459. The business’s 50 day moving average price is $14.91 and its two-hundred day moving average price is $15.41. Calamos Long/Short Equity & Dynamic Income Term Trust has a fifty-two week low of $14.50 and a fifty-two week high of $16.82.

Insider Buying and Selling

In other news, Chairman John P. Sr Calamos, Sr. sold 20,000 shares of Calamos Long/Short Equity & Dynamic Income Term Trust stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $14.60, for a total transaction of $292,000.00. Following the sale, the chairman directly owned 38,817 shares of the company’s stock, valued at approximately $566,728.20. This trade represents a 34.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Calamos Long/Short Equity & Dynamic Income Term Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. increased its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 0.8% during the 4th quarter. Osaic Holdings Inc. now owns 88,707 shares of the company’s stock valued at $1,297,000 after purchasing an additional 680 shares in the last quarter. Invesco Ltd. lifted its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 7.5% in the 4th quarter. Invesco Ltd. now owns 11,207 shares of the company’s stock valued at $164,000 after acquiring an additional 785 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 50.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 2,816 shares of the company’s stock worth $46,000 after purchasing an additional 947 shares in the last quarter. Comerica Bank raised its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 6.0% in the third quarter. Comerica Bank now owns 17,766 shares of the company’s stock worth $287,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 2.2% in the fourth quarter. Royal Bank of Canada now owns 50,886 shares of the company’s stock valued at $744,000 after purchasing an additional 1,094 shares in the last quarter.

About Calamos Long/Short Equity & Dynamic Income Term Trust

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ: CPZ) is a closed-end management investment company that seeks to deliver long-term total return through a combination of capital appreciation and current income. The trust pursues this objective by maintaining a diversified portfolio of equity securities with an overlay of dynamic income strategies, including the use of call and put options.

The trust’s core investment approach combines long and short positions in U.S. and foreign equities, allowing portfolio managers to express both positive and negative views on individual securities and sectors.