Short Interest in Calamos Strategic Total Return Fund (NASDAQ:CSQ) Expands By 47.2%

Calamos Strategic Total Return Fund (NASDAQ:CSQ) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 88,200 shares, an increase of 47.2% from the February 28th total of 59,900 shares. Based on an average trading volume of 214,700 shares, the short-interest ratio is presently 0.4 days.

Calamos Strategic Total Return Fund Price Performance

Shares of CSQ traded down $0.25 during mid-day trading on Monday, hitting $16.03. 185,048 shares of the company’s stock were exchanged, compared to its average volume of 195,610. Calamos Strategic Total Return Fund has a fifty-two week low of $15.22 and a fifty-two week high of $18.55. The business’s 50 day moving average is $17.54 and its two-hundred day moving average is $17.65.

Calamos Strategic Total Return Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 13th were given a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a yield of 7.68%. The ex-dividend date was Thursday, March 13th.

Insiders Place Their Bets

In related news, CFO Thomas E. Herman acquired 11,683 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of $18.23 per share, with a total value of $212,981.09. Following the completion of the acquisition, the chief financial officer now owns 11,683 shares in the company, valued at $212,981.09. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hedge Funds Weigh In On Calamos Strategic Total Return Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Snowden Capital Advisors LLC lifted its holdings in shares of Calamos Strategic Total Return Fund by 2.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 34,706 shares of the investment management company’s stock valued at $618,000 after purchasing an additional 684 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Calamos Strategic Total Return Fund by 0.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 92,710 shares of the investment management company’s stock valued at $1,642,000 after purchasing an additional 865 shares during the last quarter. MML Investors Services LLC lifted its position in Calamos Strategic Total Return Fund by 8.6% during the third quarter. MML Investors Services LLC now owns 11,477 shares of the investment management company’s stock worth $199,000 after buying an additional 909 shares during the period. Litman Gregory Wealth Management LLC boosted its holdings in shares of Calamos Strategic Total Return Fund by 4.7% in the 4th quarter. Litman Gregory Wealth Management LLC now owns 22,500 shares of the investment management company’s stock valued at $398,000 after purchasing an additional 1,000 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its stake in shares of Calamos Strategic Total Return Fund by 3.6% during the 4th quarter. EP Wealth Advisors LLC now owns 30,345 shares of the investment management company’s stock valued at $537,000 after buying an additional 1,048 shares during the period.

About Calamos Strategic Total Return Fund

Calamos Strategic Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.