Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Sees Significant Increase in Short Interest

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 8,600 shares, a growth of 68.6% from the March 31st total of 5,100 shares. Based on an average trading volume of 57,600 shares, the days-to-cover ratio is currently 0.1 days.

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

Shares of NASDAQ:CPZ opened at 15.53 on Friday. Calamos Long/Short Equity & Dynamic Income Term Trust has a 1 year low of 13.17 and a 1 year high of 16.11. The business has a 50 day simple moving average of 15.14 and a two-hundred day simple moving average of 14.77.

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

The company also recently declared a monthly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were issued a $0.14 dividend. The ex-dividend date was Thursday, April 11th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 10.82%.

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

A number of large investors have recently modified their holdings of CPZ. Saba Capital Management L.P. boosted its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 70.4% in the third quarter. Saba Capital Management L.P. now owns 400,819 shares of the company’s stock valued at $5,928,000 after purchasing an additional 165,626 shares during the period. UBS Group AG boosted its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 18.2% in the third quarter. UBS Group AG now owns 484,691 shares of the company’s stock valued at $7,169,000 after purchasing an additional 74,567 shares during the period. AQR Arbitrage LLC boosted its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 135.2% in the third quarter. AQR Arbitrage LLC now owns 106,667 shares of the company’s stock valued at $1,578,000 after purchasing an additional 61,313 shares during the period. Cornerstone Advisors LLC lifted its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 31.9% during the fourth quarter. Cornerstone Advisors LLC now owns 225,640 shares of the company’s stock worth $3,260,000 after buying an additional 54,623 shares during the period. Finally, City of London Investment Management Co. Ltd. lifted its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 114.6% during the fourth quarter. City of London Investment Management Co. Ltd. now owns 46,457 shares of the company’s stock worth $671,000 after buying an additional 24,811 shares during the period.

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.