Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) Stock Price, News & Analysis

Company Overview

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. In order to generate additional income and manage risk, CPZ employs covered call writing as well as put writing on portfolio holdings and selected benchmarks. This flexible structure is designed to navigate different market environments by adjusting equity exposure and option overlays based on valuation and market outlook.

CPZ commenced operations in mid-2018 and is structured as a term trust with a predetermined liquidation date, providing investors with a target horizon for the trust’s lifespan. The trust is advised by Calamos Advisors LLC, a firm with a history dating back to 1977 and well-known for its expertise in alternative and options-based strategies. Calamos Advisors draws on its experience in managing hedged equity and income-oriented portfolios to oversee CPZ’s investments and risk management processes.

While the trust maintains a broad mandate that includes both domestic and international equities, it generally exhibits a U.S.-tilt across large- and mid-capitalization companies. By blending traditional long/short equity positions with option-based income generation, Calamos Long/Short Equity & Dynamic Income Term Trust aims to offer investors a differentiated source of return and potential downside protection over its defined term.

Key Stats

• Today's Range: $13.44 to $13.60
• 50-Day Range: $13.23 to $14.96
• 52-Week Range: $13.13 to $16.82
• Volume: 60,762 shs
• Average Volume: 83,767 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: 12.44%
• Price Target: N/A
• Consensus Rating: N/A

CPZ Stock Analysis - Frequently Asked Questions

How have CPZ shares performed this year?

Calamos Long/Short Equity & Dynamic Income Term Trust's stock was trading at $14.62 at the start of the year. Since then, CPZ shares have decreased by 7.7% and is now trading at $13.50.

When did Calamos Long/Short Equity & Dynamic Income Term Trust IPO?

Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) raised $365 million in an initial public offering on Tuesday, November 26th 2019. The company issued 18,250,000 shares at a price of $20.00 per share.

Who are Calamos Long/Short Equity & Dynamic Income Term Trust's major shareholders?

Calamos Long/Short Equity & Dynamic Income Term Trust's top institutional shareholders include TrueMark Investments LLC, Janney Montgomery Scott LLC, Stephens Inc. AR and Private Advisor Group LLC. Insiders that own company stock include John P Sr Calamos Sr, Thomas E Herman, Christopher M Toub, Mark Mickey and John S Koudounis.
View institutional ownership trends.

How do I buy shares of Calamos Long/Short Equity & Dynamic Income Term Trust?

Shares of CPZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Calamos Long/Short Equity & Dynamic Income Term Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Calamos Long/Short Equity & Dynamic Income Term Trust investors own include DoubleLine Income Solutions Fund (DSL), Annaly Capital Management (NLY), PIMCO Dynamic Income Fund (PDI), Liberty All-Star Equity Fund (USA), Ares Dynamic Credit Allocation Fund (ARDC), Calamos Dynamic Convertible and Income Fund (CCD) and Eaton Vance Limited Duration Income Fund (EVV).

Company Calendar

• Record date for 4/21 Dividend: 4/14/2026
• Ex-Dividend for 4/21 Dividend: 4/14/2026
• Dividend Payable: 4/21/2026
• Today: 5/07/2026
• Record date for 5/21 Dividend: 5/14/2026
• Ex-Dividend for 5/21 Dividend: 5/14/2026
• Dividend Payable: 5/21/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: N/A
• Industry: -
• Sub-Industry: N/A
• Current Symbol: NASDAQ:CPZ
• CIK: 1717457
• Web: www.calamos.com
• Phone: 630-245-7200
• Fax: N/A
• Employees: 147,000
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $19.92 million
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A