Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Sees Large Decline in Short Interest

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 2,274 shares, a decline of 77.5% from the January 29th total of 10,093 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 26,632 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 26,632 shares, the short-interest ratio is presently 0.1 days. Approximately 0.5% of the company’s stock are short sold.

Hedge Funds Weigh In On Calamos Convertible Equity Alternative ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aurora Private Wealth Inc. purchased a new stake in shares of Calamos Convertible Equity Alternative ETF in the 4th quarter valued at approximately $200,000. Envestnet Asset Management Inc. purchased a new position in Calamos Convertible Equity Alternative ETF in the third quarter valued at $249,000. Grantvest Financial Group LLC acquired a new stake in Calamos Convertible Equity Alternative ETF in the fourth quarter valued at $278,000. Truist Financial Corp raised its stake in Calamos Convertible Equity Alternative ETF by 63.3% in the third quarter. Truist Financial Corp now owns 14,170 shares of the company’s stock valued at $515,000 after buying an additional 5,494 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Calamos Convertible Equity Alternative ETF by 7.5% during the 1st quarter. Jane Street Group LLC now owns 69,942 shares of the company’s stock worth $2,000,000 after buying an additional 4,886 shares during the last quarter.

Calamos Convertible Equity Alternative ETF Price Performance

Calamos Convertible Equity Alternative ETF stock traded down $0.68 during mid-day trading on Thursday, reaching $43.16. 2,181 shares of the company’s stock were exchanged, compared to its average volume of 13,939. Calamos Convertible Equity Alternative ETF has a twelve month low of $24.79 and a twelve month high of $44.10. The company has a fifty day moving average of $40.88 and a 200-day moving average of $38.07.

Calamos Convertible Equity Alternative ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, February 9th. Investors of record on Monday, February 2nd were issued a $0.04 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 1.1%.

Calamos Convertible Equity Alternative ETF Company Profile

The Calamos Convertible Equity Alternative ETF (CVRT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in a portfolio of US convertible securities with a high level of equity sensitivity. The fund seeks to deliver total return through capital appreciation and current income. CVRT was launched on Oct 4, 2023 and is issued by Calamos.