Short Interest in Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Declines By 63.1%

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,825 shares, a decline of 63.1% from the May 31st total of 4,940 shares. Based on an average daily volume of 11,598 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Trading of Calamos Convertible Equity Alternative ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Realta Investment Advisors acquired a new stake in shares of Calamos Convertible Equity Alternative ETF in the 1st quarter valued at approximately $200,000. Aurora Private Wealth Inc. bought a new stake in Calamos Convertible Equity Alternative ETF in the fourth quarter valued at approximately $200,000. Envestnet Asset Management Inc. bought a new stake in Calamos Convertible Equity Alternative ETF in the third quarter valued at approximately $249,000. Grantvest Financial Group LLC acquired a new stake in Calamos Convertible Equity Alternative ETF in the fourth quarter worth $278,000. Finally, Kestra Advisory Services LLC raised its holdings in Calamos Convertible Equity Alternative ETF by 4.1% in the first quarter. Kestra Advisory Services LLC now owns 13,211 shares of the company’s stock worth $549,000 after purchasing an additional 518 shares during the period.

Calamos Convertible Equity Alternative ETF Trading Down 1.8%

NYSEARCA CVRT opened at $50.23 on Friday. Calamos Convertible Equity Alternative ETF has a 12 month low of $31.57 and a 12 month high of $54.09. The stock has a 50-day simple moving average of $50.53 and a 200 day simple moving average of $44.58.

About Calamos Convertible Equity Alternative ETF

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.