Calamos Strategic Total Return Fund (NASDAQ:CSQ) Short Interest Down 25.8% in February

Calamos Strategic Total Return Fund (NASDAQ:CSQ) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 54,700 shares, a decline of 25.8% from the January 31st total of 73,700 shares. Based on an average daily volume of 194,800 shares, the days-to-cover ratio is currently 0.3 days.

Calamos Strategic Total Return Fund Stock Performance

Shares of CSQ stock traded down $0.16 on Tuesday, hitting $17.04. The stock had a trading volume of 228,611 shares, compared to its average volume of 205,730. The business has a 50 day moving average price of $18.03 and a 200 day moving average price of $17.69. Calamos Strategic Total Return Fund has a one year low of $15.22 and a one year high of $18.55.

Calamos Strategic Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, February 13th were issued a $0.1025 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.23 dividend on an annualized basis and a yield of 7.22%.

Insider Activity

In other news, CFO Thomas E. Herman acquired 11,683 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of $18.23 per share, for a total transaction of $212,981.09. Following the completion of the acquisition, the chief financial officer now directly owns 11,683 shares of the company’s stock, valued at $212,981.09. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On Calamos Strategic Total Return Fund

A number of large investors have recently added to or reduced their stakes in the company. Capital A Wealth Management LLC bought a new position in Calamos Strategic Total Return Fund in the fourth quarter worth about $26,000. Ameriflex Group Inc. acquired a new position in shares of Calamos Strategic Total Return Fund during the fourth quarter valued at about $37,000. Elequin Capital LP acquired a new position in shares of Calamos Strategic Total Return Fund during the fourth quarter valued at about $146,000. Waverly Advisors LLC acquired a new position in shares of Calamos Strategic Total Return Fund during the fourth quarter valued at about $792,000. Finally, Snowden Capital Advisors LLC increased its holdings in shares of Calamos Strategic Total Return Fund by 2.0% during the fourth quarter. Snowden Capital Advisors LLC now owns 34,706 shares of the investment management company’s stock valued at $618,000 after acquiring an additional 684 shares in the last quarter.

Calamos Strategic Total Return Fund Company Profile

Calamos Strategic Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.