Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ – Get Free Report) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 19,679 shares, a growth of 1,303.6% from the May 31st total of 1,402 shares. Based on an average trading volume of 73,297 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Trading of Calamos Long/Short Equity & Dynamic Income Term Trust
A number of hedge funds and other institutional investors have recently bought and sold shares of CPZ. Bank of America Corp DE raised its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 55.1% during the 4th quarter. Bank of America Corp DE now owns 3,500 shares of the company’s stock valued at $52,000 after purchasing an additional 1,244 shares during the period. Cetera Investment Advisers increased its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 5.4% in the 2nd quarter. Cetera Investment Advisers now owns 29,649 shares of the company’s stock valued at $481,000 after acquiring an additional 1,516 shares during the last quarter. XTX Topco Ltd purchased a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust in the 2nd quarter worth $201,000. Raymond James Financial Inc. grew its position 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 purchasing an additional 103,935 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the second quarter worth about $320,000.
Calamos Long/Short Equity & Dynamic Income Term Trust Stock Performance
Shares of NASDAQ CPZ traded up $0.14 during trading on Thursday, reaching $13.02. 90,542 shares of the company traded hands, compared to its average volume of 84,080. The firm has a 50 day simple moving average of $13.23 and a 200-day simple moving average of $14.12. Calamos Long/Short Equity & Dynamic Income Term Trust has a 52-week low of $12.41 and a 52-week high of $16.82.
Calamos Long/Short Equity & Dynamic Income Term Trust Dividend Announcement
About Calamos Long/Short Equity & Dynamic Income Term Trust
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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