Short Interest in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Grows By 175.4%

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 16,485 shares, an increase of 175.4% from the April 30th total of 5,986 shares. Based on an average daily volume of 79,449 shares, the days-to-cover ratio is currently 0.2 days.

Calamos Long/Short Equity & Dynamic Income Term Trust Stock Up 0.9%

Shares of CPZ stock traded up $0.12 during mid-day trading on Friday, hitting $13.05. 41,708 shares of the stock traded hands, compared to its average volume of 85,139. Calamos Long/Short Equity & Dynamic Income Term Trust has a twelve month low of $12.73 and a twelve month high of $16.82. The company’s 50-day simple moving average is $13.55 and its 200-day simple moving average is $14.40.

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

The company also recently declared a monthly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 12.9%.

Hedge Funds Weigh In On Calamos Long/Short Equity & Dynamic Income Term Trust

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 55.1% during 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 period. Belpointe Asset Management LLC acquired a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the 3rd quarter worth $171,000. Invesco Ltd. grew its holdings in shares of 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 worth $164,000 after acquiring an additional 785 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the 3rd quarter worth $184,000. Finally, Sovran Advisors LLC acquired a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the 3rd quarter worth $182,000.

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.