Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Shares Shorted: Short Interest Down 55.9% in September

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 560 shares, a drop of 55.9% from the September 15th total of 1,270 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 3,864 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Calamos Convertible Equity Alternative ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC increased its position in Calamos Convertible Equity Alternative ETF by 4.1% in the 1st 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 last quarter. Wealth Enhancement Trust Services Inc. purchased a new stake in shares of Calamos Convertible Equity Alternative ETF during the 3rd quarter worth about $44,000. Realta Investment Advisors purchased a new stake in shares of Calamos Convertible Equity Alternative ETF during the 1st quarter worth about $200,000. Finally, Client First Investment Management LLC acquired a new stake in shares of Calamos Convertible Equity Alternative ETF during the 2nd quarter valued at about $3,189,000.

Calamos Convertible Equity Alternative ETF Stock Performance

CVRT traded up $0.15 on Thursday, reaching $44.50. 3,870 shares of the company traded hands, compared to its average volume of 8,927. The stock’s 50 day moving average price is $47.18 and its 200-day moving average price is $48.33. Calamos Convertible Equity Alternative ETF has a 52-week low of $35.46 and a 52-week high of $54.09.

Calamos Convertible Equity Alternative ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, October 1st were paid a $0.0778 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Calamos Convertible Equity Alternative ETF’s previous monthly dividend of $0.0667. The ex-dividend date of this dividend was Thursday, October 1st.

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.