Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Trading Up 0.5% – Time to Buy?

Shares of Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) shot up 0.5% during trading on Wednesday . The stock traded as high as $15.00 and last traded at $14.97. 60,230 shares were traded during trading, a decline of 14% from the average session volume of 70,279 shares. The stock had previously closed at $14.90.

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

The stock’s fifty day moving average price is $14.91 and its two-hundred day moving average price is $15.71.

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

The business also recently announced a dividend, which was paid on Friday, January 9th. Stockholders of record on Tuesday, December 30th were given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, December 30th.

Insider Transactions at Calamos Long/Short Equity & Dynamic Income Term Trust

In other news, Chairman John P. Sr Calamos, Sr. sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $14.60, for a total value of $292,000.00. Following the completion of the transaction, the chairman owned 38,817 shares in the company, valued at $566,728.20. This trade represents a 34.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc increased its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 78.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company’s stock worth $30,000 after buying an additional 819 shares in the last quarter. Comerica Bank boosted its holdings in shares of 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 valued at $287,000 after acquiring an additional 1,000 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 55.1% in the fourth quarter. Bank of America Corp DE now owns 3,500 shares of the company’s stock worth $52,000 after acquiring an additional 1,244 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 52.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,650 shares of the company’s stock valued at $59,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 5.4% during the second quarter. Cetera Investment Advisers now owns 29,649 shares of the company’s stock valued at $481,000 after purchasing an additional 1,516 shares during 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.