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

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 5,986 shares, a decrease of 83.2% from the April 15th total of 35,562 shares. Based on an average daily trading volume, of 94,237 shares, the short-interest ratio is currently 0.1 days.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Rivernorth Capital Management LLC grew its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 14.2% in the 4th quarter. Rivernorth Capital Management LLC now owns 489,213 shares of the company’s stock worth $7,152,000 after acquiring an additional 60,904 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 3.9% in the 3rd quarter. Raymond James Financial Inc. now owns 455,147 shares of the company’s stock worth $7,355,000 after acquiring an additional 17,042 shares during the period. Penserra Capital Management LLC grew its holdings in shares of 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 acquiring an additional 38,105 shares during the period. LPL Financial LLC grew its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 10.7% in the 4th quarter. LPL Financial LLC now owns 241,078 shares of the company’s stock worth $3,525,000 after acquiring an additional 23,293 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 0.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 221,036 shares of the company’s stock worth $3,232,000 after acquiring an additional 1,589 shares during the period.

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

Shares of CPZ stock traded down $0.15 during trading hours on Tuesday, reaching $13.46. 73,493 shares of the company’s stock were exchanged, compared to its average volume of 83,675. The company’s 50 day moving average is $13.99 and its two-hundred day moving average is $14.62. Calamos Long/Short Equity & Dynamic Income Term Trust has a 1 year low of $13.13 and a 1 year high of $16.82.

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

The company also recently declared a monthly dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, May 14th will be issued a $0.14 dividend. The ex-dividend date is Thursday, May 14th. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%.

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.