Calamos Strategic Total Return Fund (NASDAQ:CSQ) Sees Large Decrease in Short Interest

Calamos Strategic Total Return Fund (NASDAQ:CSQ) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 54,700 shares, a decrease of 25.8% from the January 31st total of 73,700 shares. Based on an average daily volume of 194,800 shares, the short-interest ratio is currently 0.3 days.

Calamos Strategic Total Return Fund Stock Performance

Shares of NASDAQ:CSQ traded up $0.10 during midday trading on Wednesday, hitting $17.14. The company’s stock had a trading volume of 213,732 shares, compared to its average volume of 205,633. Calamos Strategic Total Return Fund has a 12-month low of $15.22 and a 12-month high of $18.55. The business’s 50 day simple moving average is $18.00 and its 200 day simple moving average is $17.69.

Calamos Strategic Total Return Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 21st. Stockholders of record on Thursday, February 13th were issued a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a dividend yield of 7.18%. The ex-dividend date of this dividend was Thursday, February 13th.

Insider Buying and Selling

In other news, CFO Thomas E. Herman acquired 11,683 shares of Calamos Strategic Total Return Fund stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of $18.23 per share, with a total value of $212,981.09. Following the purchase, the chief financial officer now owns 11,683 shares in the company, valued at $212,981.09. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On Calamos Strategic Total Return Fund

Several hedge funds and other institutional investors have recently made changes to their positions in CSQ. PNC Financial Services Group Inc. grew its holdings in Calamos Strategic Total Return Fund by 2.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 91,845 shares of the investment management company’s stock valued at $1,594,000 after buying an additional 1,804 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of Calamos Strategic Total Return Fund in the third quarter valued at about $352,000. Cornerstone Advisors LLC increased its position in Calamos Strategic Total Return Fund by 2.5% during the third quarter. Cornerstone Advisors LLC now owns 1,001,404 shares of the investment management company’s stock worth $17,374,000 after purchasing an additional 24,684 shares during the last quarter. Landscape Capital Management L.L.C. increased its position in Calamos Strategic Total Return Fund by 33.9% during the third quarter. Landscape Capital Management L.L.C. now owns 170,285 shares of the investment management company’s stock worth $2,954,000 after purchasing an additional 43,092 shares during the last quarter. Finally, Aviance Capital Partners LLC raised its stake in Calamos Strategic Total Return Fund by 0.6% during the third quarter. Aviance Capital Partners LLC now owns 98,712 shares of the investment management company’s stock worth $1,713,000 after purchasing an additional 599 shares during the period.

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.