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

Calamos Strategic Total Return Fund (NASDAQ:CSQ) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 21,700 shares, an increase of 40.9% from the August 15th total of 15,400 shares. Based on an average daily trading volume, of 181,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Calamos Strategic Total Return Fund

Several hedge funds have recently modified their holdings of CSQ. Sanctuary Advisors LLC purchased a new stake in shares of Calamos Strategic Total Return Fund during the second quarter valued at approximately $2,973,000. Cetera Investment Advisers increased its stake in Calamos Strategic Total Return Fund by 6.5% during the 2nd quarter. Cetera Investment Advisers now owns 542,346 shares of the investment management company’s stock worth $9,133,000 after buying an additional 32,974 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Calamos Strategic Total Return Fund by 44.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,444 shares of the investment management company’s stock worth $142,000 after buying an additional 2,579 shares in the last quarter. NewEdge Advisors LLC boosted its position in Calamos Strategic Total Return Fund by 1.8% in the 2nd quarter. NewEdge Advisors LLC now owns 60,315 shares of the investment management company’s stock valued at $1,016,000 after buying an additional 1,077 shares during the last quarter. Finally, Insigneo Advisory Services LLC acquired a new stake in shares of Calamos Strategic Total Return Fund during the second quarter valued at about $265,000.

Calamos Strategic Total Return Fund Stock Performance

Shares of CSQ stock traded down $0.02 during mid-day trading on Monday, reaching $16.82. The company’s stock had a trading volume of 42,539 shares, compared to its average volume of 195,192. The company’s 50 day simple moving average is $16.76 and its 200-day simple moving average is $16.43. Calamos Strategic Total Return Fund has a 12-month low of $12.50 and a 12-month high of $17.61.

Calamos Strategic Total Return Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, September 13th will be paid a $0.102 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 7.28%.

About Calamos Strategic Total Return Fund

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.