Closed End Fund Advisors Inc. Buys New Position in Calamos Long/Short Equity & Dynamic Income Term Trust $CPZ

Closed End Fund Advisors Inc. bought a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 141,572 shares of the company’s stock, valued at approximately $2,070,000. Calamos Long/Short Equity & Dynamic Income Term Trust comprises about 1.2% of Closed End Fund Advisors Inc.’s holdings, making the stock its 22nd biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Penserra Capital Management LLC increased its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 14.4% during the 3rd quarter. Penserra Capital Management LLC now owns 302,794 shares of the company’s stock worth $4,893,000 after purchasing an additional 38,105 shares during the period. Concurrent Investment Advisors LLC purchased a new position in Calamos Long/Short Equity & Dynamic Income Term Trust during the 4th quarter worth $578,000. Shaker Financial Services LLC purchased a new position in Calamos Long/Short Equity & Dynamic Income Term Trust during the 4th quarter worth $1,853,000. Integrity Wealth Advisors Inc. increased its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 123.2% during the 3rd quarter. Integrity Wealth Advisors Inc. now owns 89,283 shares of the company’s stock worth $1,446,000 after purchasing an additional 49,288 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 3.9% during the 3rd quarter. Raymond James Financial Inc. now owns 455,147 shares of the company’s stock worth $7,355,000 after purchasing an additional 17,042 shares during the period.

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

CPZ opened at $12.72 on Friday. The stock’s fifty day moving average is $13.45 and its two-hundred day moving average is $14.32. Calamos Long/Short Equity & Dynamic Income Term Trust has a 52 week low of $12.41 and a 52 week high of $16.82.

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

The business also recently announced a monthly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 12th will be given a dividend of $0.14 per share. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date of this dividend is Friday, June 12th.

Calamos Long/Short Equity & Dynamic Income Term Trust 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.