Concurrent Investment Advisors LLC Makes New Investment in Calamos Long/Short Equity & Dynamic Income Term Trust $CPZ

Concurrent Investment Advisors LLC acquired a new position in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 39,529 shares of the company’s stock, valued at approximately $578,000.

Several other hedge funds have also added to or reduced their stakes in CPZ. Bank of America Corp DE raised its position in 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. Cetera Investment Advisers raised its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 5.4% in the second quarter. Cetera Investment Advisers now owns 29,649 shares of the company’s stock worth $481,000 after acquiring an additional 1,516 shares during the period. XTX Topco Ltd bought a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust in the second quarter worth about $201,000. Raymond James Financial Inc. raised its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 31.1% in the second quarter. Raymond James Financial Inc. now owns 438,105 shares of the company’s stock worth $7,110,000 after acquiring an additional 103,935 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust in the second quarter worth about $320,000.

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

Shares of CPZ stock opened at $13.74 on Monday. Calamos Long/Short Equity & Dynamic Income Term Trust has a 52 week low of $13.13 and a 52 week high of $16.82. The firm’s 50-day simple moving average is $14.12 and its two-hundred day simple moving average is $14.70.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 14th were paid a $0.14 dividend. The ex-dividend date was Tuesday, April 14th. This represents a c) annualized dividend and a dividend yield of 12.2%.

Calamos Long/Short Equity & Dynamic Income Term Trust Company Profile

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.