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

by · The Cerbat Gem

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

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

Shares of NASDAQ CPZ traded up $0.12 during mid-day trading on Friday, reaching $13.05. The company had a trading volume of 41,708 shares, compared to its average volume of 85,139. The company has a 50-day moving average price of $13.55 and a two-hundred day moving average price of $14.40. Calamos Long/Short Equity & Dynamic Income Term Trust has a 1-year low of $12.73 and a 1-year high of $16.82.

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

The business also recently announced a monthly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were issued a $0.14 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date was Thursday, May 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CPZ. Bank of America Corp DE grew its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 55.1% during the fourth quarter. Bank of America Corp DE now owns 3,500 shares of the company’s stock valued at $52,000 after buying an additional 1,244 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 5.4% during the second quarter. Cetera Investment Advisers now owns 29,649 shares of the company’s stock valued at $481,000 after buying an additional 1,516 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the second quarter valued at $201,000. Raymond James Financial Inc. grew its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 31.1% during the second quarter. Raymond James Financial Inc. now owns 438,105 shares of the company’s stock valued at $7,110,000 after buying an additional 103,935 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the second quarter valued at $320,000.

About Calamos Long/Short Equity & Dynamic Income Term Trust

(Get Free Report)

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.

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