Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Short Interest Up 101.6% in July

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 31,980 shares, a growth of 101.6% from the July 15th total of 15,866 shares. Based on an average daily volume of 97,860 shares, the days-to-cover ratio is currently 0.3 days.

Calamos Long/Short Equity & Dynamic Income Term Trust Stock Down 1.6%

Shares of NASDAQ CPZ traded down $0.22 during midday trading on Friday, reaching $13.48. 42,319 shares of the stock were exchanged, compared to its average volume of 84,065. The company has a 50 day simple moving average of $13.12 and a 200 day simple moving average of $13.70. Calamos Long/Short Equity & Dynamic Income Term Trust has a twelve month low of $12.41 and a twelve month high of $16.82.

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

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 14th will be given a $0.14 dividend. This represents a c) annualized dividend and a yield of 12.5%. The ex-dividend date is Friday, August 14th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 55.1% in the 4th quarter. Bank of America Corp DE now owns 3,500 shares of the company’s stock valued at $52,000 after purchasing an additional 1,244 shares during the last quarter. Invesco Ltd. increased its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 7.5% during the 4th quarter. Invesco Ltd. now owns 11,207 shares of the company’s stock worth $164,000 after purchasing an additional 785 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust in the 3rd quarter valued at about $184,000. XTX Topco Ltd purchased a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust in the 2nd quarter valued at about $201,000. Finally, Readystate Asset Management LP acquired a new position in Calamos Long/Short Equity & Dynamic Income Term Trust in the fourth quarter valued at about $203,000.

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

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.