Calamos Strategic Total Return Fund (NASDAQ:CSQ) Short Interest Up 24.9% in March

Calamos Strategic Total Return Fund (NASDAQ:CSQ) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 55,700 shares, a growth of 24.9% from the March 15th total of 44,600 shares. Based on an average daily volume of 218,100 shares, the days-to-cover ratio is currently 0.3 days.

Calamos Strategic Total Return Fund Price Performance

Shares of CSQ stock traded down $0.27 on Monday, reaching $15.56. 241,044 shares of the company were exchanged, compared to its average volume of 215,441. The company has a 50-day moving average of $15.99 and a 200-day moving average of $14.90. Calamos Strategic Total Return Fund has a one year low of $12.50 and a one year high of $16.45.

Calamos Strategic Total Return Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 12th will be given a dividend of $0.102 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 7.87%.

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. First Republic Investment Management Inc. bought a new position in Calamos Strategic Total Return Fund in the 2nd quarter valued at about $4,159,000. International Assets Investment Management LLC lifted its position in Calamos Strategic Total Return Fund by 1,387.0% in the 4th quarter. International Assets Investment Management LLC now owns 277,563 shares of the investment management company’s stock valued at $41,270,000 after acquiring an additional 258,897 shares in the last quarter. Shaker Financial Services LLC bought a new position in Calamos Strategic Total Return Fund in the 4th quarter valued at about $3,779,000. Wells Fargo & Company MN lifted its position in Calamos Strategic Total Return Fund by 11.0% in the 2nd quarter. Wells Fargo & Company MN now owns 2,423,386 shares of the investment management company’s stock valued at $35,745,000 after acquiring an additional 240,057 shares in the last quarter. Finally, Morgan Stanley increased its stake in Calamos Strategic Total Return Fund by 4.0% in the 4th quarter. Morgan Stanley now owns 3,767,533 shares of the investment management company’s stock valued at $50,560,000 after buying an additional 143,613 shares during the last quarter.

Calamos Strategic Total Return Fund Company Profile

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.