Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Stock Price Down 1.4% – Here’s What Happened

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) shares traded down 1.4% during mid-day trading on Thursday . The stock traded as low as $12.70 and last traded at $12.78. Approximately 68,039 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 85,497 shares. The stock had previously closed at $12.96.

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

The firm’s fifty day simple moving average is $12.96 and its 200 day simple moving average is $13.87.

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

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 14th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a c) annualized dividend and a dividend yield of 13.0%.

Institutional Investors Weigh In On Calamos Long/Short Equity & Dynamic Income Term Trust

Institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. lifted its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 0.8% in the fourth quarter. Osaic Holdings Inc. now owns 88,707 shares of the company’s stock valued at $1,297,000 after purchasing an additional 680 shares in the last quarter. Invesco Ltd. lifted its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 7.5% in the 4th quarter. Invesco Ltd. now owns 11,207 shares of the company’s stock valued at $164,000 after acquiring an additional 785 shares in the last quarter. Comerica Bank boosted its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 6.0% during the 3rd quarter. Comerica Bank now owns 17,766 shares of the company’s stock worth $287,000 after acquiring an additional 1,000 shares during the last quarter. Royal Bank of Canada boosted its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 2.2% during the 4th quarter. Royal Bank of Canada now owns 50,886 shares of the company’s stock worth $744,000 after acquiring an additional 1,094 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 79,747 shares of the company’s stock worth $1,166,000 after acquiring an additional 1,127 shares in the last quarter.

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.