Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Short Interest Up 34.7% in February

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 88,500 shares, a growth of 34.7% from the February 13th total of 65,700 shares. Based on an average daily trading volume, of 79,800 shares, the days-to-cover ratio is currently 1.1 days.

Insider Buying and Selling

In related news, CFO Thomas E. Herman sold 13,392 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $15.58, for a total transaction of $208,647.36. Following the completion of the transaction, the chief financial officer now owns 13,391 shares in the company, valued at $208,631.78. This trade represents a 50.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sit Investment Associates Inc. increased its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 14.7% during the 4th quarter. Sit Investment Associates Inc. now owns 1,007,522 shares of the company’s stock valued at $14,942,000 after purchasing an additional 129,034 shares in the last quarter. Rivernorth Capital Management LLC increased its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 0.7% during the 3rd quarter. Rivernorth Capital Management LLC now owns 584,400 shares of the company’s stock valued at $9,168,000 after purchasing an additional 3,968 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 24.2% in the 4th quarter. Advisors Asset Management Inc. now owns 486,773 shares of the company’s stock valued at $7,219,000 after buying an additional 94,945 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the 4th quarter valued at $4,527,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the 3rd quarter valued at $4,102,000.

Calamos Long/Short Equity & Dynamic Income Term Trust Trading Up 0.3 %

CPZ stock traded up $0.04 during midday trading on Friday, reaching $15.48. 49,287 shares of the company’s stock traded hands, compared to its average volume of 71,757. The company has a 50-day simple moving average of $15.42 and a two-hundred day simple moving average of $15.47. Calamos Long/Short Equity & Dynamic Income Term Trust has a 1-year low of $14.67 and a 1-year high of $16.03.

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

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 13th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.68 dividend on an annualized basis and a yield of 10.85%.

About Calamos Long/Short Equity & Dynamic Income Term Trust

Calamos Investments is a global investment firm committed to excellence in investment management and client services. A global investment platform with focused, experienced teams, specialized by investment discipline. Serving the needs of institutional and individual investors since 1977. Offering a range of global investment solutions to work with a client’s asset allocation framework.