Calamos Strategic Total Return Fund (NASDAQ:CSQ) Sees Large Increase in Short Interest

by · The Cerbat Gem

Calamos Strategic Total Return Fund (NASDAQ:CSQ – Get Free Report) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 78,700 shares, an increase of 82.6% from the October 15th total of 43,100 shares. Based on an average daily trading volume, of 183,500 shares, the short-interest ratio is presently 0.4 days.

Calamos Strategic Total Return Fund Trading Down 1.0 %

Shares of NASDAQ CSQ traded down $0.18 during trading on Thursday, reaching $17.87. 240,026 shares of the stock were exchanged, compared to its average volume of 196,029. The business’s 50-day moving average price is $17.36 and its 200 day moving average price is $16.87. Calamos Strategic Total Return Fund has a twelve month low of $13.69 and a twelve month high of $18.26.

Calamos Strategic Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.102 per share. The ex-dividend date is Wednesday, November 13th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.85%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Aviance Capital Partners LLC increased its stake in shares of Calamos Strategic Total Return Fund by 0.6% in the third quarter. Aviance Capital Partners LLC now owns 98,712 shares of the investment management company’s stock worth $1,713,000 after buying an additional 599 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Calamos Strategic Total Return Fund by 4.5% during the first quarter. EverSource Wealth Advisors LLC now owns 15,648 shares of the investment management company’s stock valued at $243,000 after purchasing an additional 671 shares during the last quarter. Conning Inc. increased its stake in Calamos Strategic Total Return Fund by 1.8% during the third quarter. Conning Inc. now owns 50,086 shares of the investment management company’s stock valued at $869,000 after purchasing an additional 892 shares during the last quarter. Karpus Management Inc. increased its stake in Calamos Strategic Total Return Fund by 1.0% during the first quarter. Karpus Management Inc. now owns 90,568 shares of the investment management company’s stock valued at $1,483,000 after purchasing an additional 910 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in Calamos Strategic Total Return Fund by 1.8% during the second quarter. NewEdge Advisors LLC now owns 60,315 shares of the investment management company’s stock valued at $1,016,000 after purchasing an additional 1,077 shares during the last quarter.

Calamos Strategic Total Return Fund Company Profile

(Get Free Report)

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.

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