Calamos Strategic Total Return Fund (NASDAQ:CSQ) Stock Short Interest Report for October

Calamos Strategic Total Return Fund (NASDAQ:CSQ) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 42,937 shares, a decline of 51.2% from the October 15th total of 87,994 shares. Based on an average daily trading volume, of 211,689 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Calamos Strategic Total Return Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in shares of Calamos Strategic Total Return Fund by 1.8% in the 1st quarter. Bank of America Corp DE now owns 4,857,535 shares of the investment management company’s stock valued at $83,161,000 after purchasing an additional 84,345 shares in the last quarter. Royal Bank of Canada raised its holdings in Calamos Strategic Total Return Fund by 4.5% in the first quarter. Royal Bank of Canada now owns 2,118,216 shares of the investment management company’s stock valued at $36,264,000 after buying an additional 91,551 shares during the period. Advisors Asset Management Inc. purchased a new position in Calamos Strategic Total Return Fund in the third quarter valued at approximately $13,502,000. Cetera Investment Advisers raised its holdings in Calamos Strategic Total Return Fund by 3.7% in the first quarter. Cetera Investment Advisers now owns 782,626 shares of the investment management company’s stock valued at $13,399,000 after buying an additional 27,839 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in Calamos Strategic Total Return Fund by 144.1% during the third quarter. Steward Partners Investment Advisory LLC now owns 295,454 shares of the investment management company’s stock valued at $6,024,000 after buying an additional 174,393 shares in the last quarter.

Calamos Strategic Total Return Fund Stock Down 0.9%

Shares of NASDAQ CSQ traded down $0.18 during trading on Friday, hitting $19.33. 138,458 shares of the company traded hands, compared to its average volume of 231,426. The company has a 50-day moving average price of $20.21 and a 200-day moving average price of $19.78. Calamos Strategic Total Return Fund has a 1 year low of $16.41 and a 1 year high of $21.17.

Calamos Strategic Total Return Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.1350 per share. The ex-dividend date is Friday, November 13th. This represents a $1.62 annualized dividend and a yield of 8.4%.

Calamos Strategic Total Return Fund Company Profile

Calamos Strategic Total Return Fund is a closed-end investment company listed on Nasdaq under the symbol CSQ. The fund seeks to provide total return through a combination of current income and capital appreciation. The fund invests in a diversified portfolio that may include convertible securities, high-yield corporate bonds and common stocks. Its portfolio can include securities issued by companies in the United States and other countries, giving it exposure to multiple industries and geographic markets.