Calamos Strategic Total Return Fund (NASDAQ:CSQ) Sees Significant Growth in Short Interest

Calamos Strategic Total Return Fund (NASDAQ:CSQ) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 96,952 shares, an increase of 125.4% from the August 15th total of 43,015 shares. Based on an average trading volume of 172,812 shares, the days-to-cover ratio is currently 0.6 days.

Calamos Strategic Total Return Fund Trading Down 1.7%

Shares of CSQ stock traded down $0.35 during trading hours on Monday, hitting $20.48. 30,563 shares of the company were exchanged, compared to its average volume of 235,756. The firm has a fifty day simple moving average of $20.64 and a 200 day simple moving average of $19.76. Calamos Strategic Total Return Fund has a 52-week low of $16.41 and a 52-week high of $21.17.

Calamos Strategic Total Return Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, September 21st. Shareholders of record on Monday, September 14th will be given a dividend of $0.135 per share. The ex-dividend date is Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 7.9%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in shares of Calamos Strategic Total Return Fund by 13.0% during the 3rd quarter. Parallel Advisors LLC now owns 5,874 shares of the investment management company’s stock valued at $113,000 after purchasing an additional 678 shares in the last quarter. Arax Advisory Partners raised its position in shares of Calamos Strategic Total Return Fund by 1,613.0% in the fourth quarter. Arax Advisory Partners now owns 3,152 shares of the investment management company’s stock worth $61,000 after buying an additional 2,968 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Calamos Strategic Total Return Fund by 5.3% in the second quarter. Concurrent Investment Advisors LLC now owns 44,345 shares of the investment management company’s stock worth $912,000 after buying an additional 2,244 shares in the last quarter. Quad Cities Investment Group LLC boosted its stake in Calamos Strategic Total Return Fund by 9.1% during the second quarter. Quad Cities Investment Group LLC now owns 33,337 shares of the investment management company’s stock valued at $685,000 after buying an additional 2,774 shares during the period. Finally, Waverly Advisors LLC boosted its stake in Calamos Strategic Total Return Fund by 4.8% during the first quarter. Waverly Advisors LLC now owns 45,236 shares of the investment management company’s stock valued at $774,000 after buying an additional 2,091 shares during the period.

About Calamos Strategic Total Return Fund

Calamos Strategic Total Return Fund (NASDAQ: CSQ) is a diversified, closed-end management investment company advised by Calamos Advisors LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.

To pursue its objective, CSQ invests in a portfolio of equity securities, convertible securities and fixed-income instruments. Its holdings may include investment-grade and below-investment-grade corporate debt, as well as securities issued by companies across a range of industries and market sectors.