Short Interest in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Rises By 7.5%

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 51,800 shares, an increase of 7.5% from the January 15th total of 48,200 shares. Based on an average daily trading volume, of 79,600 shares, the days-to-cover ratio is currently 0.7 days.

Insider Buying and Selling

In other news, CFO Thomas E. Herman sold 13,392 shares of the stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $15.58, for a total value of $208,647.36. Following the completion of the transaction, the chief financial officer now owns 13,391 shares of the company’s stock, valued at approximately $208,631.78. This represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Institutional Trading of Calamos Long/Short Equity & Dynamic Income Term Trust

Several institutional investors have recently modified their holdings of the company. Sit Investment Associates Inc. lifted its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 14.7% in the fourth quarter. Sit Investment Associates Inc. now owns 1,007,522 shares of the company’s stock valued at $14,942,000 after buying an additional 129,034 shares during the period. Rivernorth Capital Management LLC lifted its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 0.7% in the third quarter. Rivernorth Capital Management LLC now owns 584,400 shares of the company’s stock valued at $9,168,000 after buying an additional 3,968 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 24.2% in the fourth 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 fourth 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 third quarter valued at $4,102,000.

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

Shares of NASDAQ:CPZ traded down $0.05 on Tuesday, hitting $15.20. The company’s stock had a trading volume of 56,250 shares, compared to its average volume of 76,344. Calamos Long/Short Equity & Dynamic Income Term Trust has a 12 month low of $14.67 and a 12 month high of $16.03. The stock’s 50-day moving average is $15.33 and its two-hundred day moving average is $15.47.

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

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, February 13th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.68 annualized dividend and a dividend yield of 11.05%.

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.