Sit Investment Associates Inc. Has $14.31 Million Stock Holdings in Calamos Long/Short Equity & Dynamic Income Term Trust $CPZ

Sit Investment Associates Inc. lessened its position in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) by 9.4% in the fourth quarter, HoldingsChannel reports. The fund owned 978,911 shares of the company’s stock after selling 101,157 shares during the quarter. Sit Investment Associates Inc.’s holdings in Calamos Long/Short Equity & Dynamic Income Term Trust were worth $14,312,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 79,747 shares of the company’s stock valued at $1,166,000 after purchasing an additional 1,127 shares during the period. LPL Financial LLC grew its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 10.7% during the fourth quarter. LPL Financial LLC now owns 241,078 shares of the company’s stock valued at $3,525,000 after buying an additional 23,293 shares during the last quarter. Closed End Fund Advisors Inc. bought a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the fourth quarter worth about $2,070,000. Blue Bell Private Wealth Management LLC boosted its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 6.2% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 40,014 shares of the company’s stock valued at $585,000 after purchasing an additional 2,345 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 24.4% in the fourth quarter. Stephens Inc. AR now owns 62,115 shares of the company’s stock worth $908,000 after purchasing an additional 12,195 shares during the last quarter.

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

NASDAQ CPZ opened at $12.99 on Friday. The business has a fifty day simple moving average of $13.41 and a 200 day simple moving average of $14.26. Calamos Long/Short Equity & Dynamic Income Term Trust has a 12 month low of $12.41 and a 12 month high of $16.82.

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

The company also recently declared a monthly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 12th will be given a dividend of $0.14 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend is Friday, June 12th.

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.