Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Trading 0.4% Higher – What’s Next?

Shares of Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) shot up 0.4% on Wednesday . The stock traded as high as $13.90 and last traded at $13.76. 96,382 shares were traded during trading, an increase of 23% from the average session volume of 78,415 shares. The stock had previously closed at $13.71.

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

The business has a 50-day moving average price of $14.72 and a 200-day moving average price of $15.16.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 13th were given a dividend of $0.14 per share. The ex-dividend date was Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 12.2%.

Institutional Trading of Calamos Long/Short Equity & Dynamic Income Term Trust

Several institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC boosted its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 14.4% in the 3rd quarter. Penserra Capital Management LLC now owns 302,794 shares of the company’s stock worth $4,893,000 after buying an additional 38,105 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust during the 2nd quarter worth approximately $202,000. TrueMark Investments LLC acquired a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the third quarter valued at approximately $1,273,000. Belpointe Asset Management LLC acquired a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the third quarter valued at approximately $171,000. Finally, Fortis Capital Advisors LLC purchased a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the third quarter valued at approximately $171,000.

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.