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

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,528 shares, an increase of 172.9% from the September 30th total of 560 shares. Based on an average daily volume of 5,010 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Calamos Convertible Equity Alternative ETF

A number of large investors have recently modified their holdings of CVRT. Kestra Advisory Services LLC boosted its holdings 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 acquiring an additional 518 shares during the period. Grantvest Financial Group LLC grew its position in Calamos Convertible Equity Alternative ETF by 6.8% in the third quarter. Grantvest Financial Group LLC now owns 11,967 shares of the company’s stock valued at $555,000 after acquiring an additional 761 shares in the last quarter. Wealth Enhancement Trust Services Inc. acquired a new stake in Calamos Convertible Equity Alternative ETF in the third quarter valued at approximately $44,000. Finally, Client First Investment Management LLC purchased a new stake in shares of Calamos Convertible Equity Alternative ETF during the second quarter valued at approximately $3,189,000.

Calamos Convertible Equity Alternative ETF Trading Down 2.4%

Shares of NYSEARCA CVRT opened at $43.16 on Friday. Calamos Convertible Equity Alternative ETF has a 12-month low of $35.46 and a 12-month high of $54.09. The stock has a fifty day moving average price of $46.13 and a 200 day moving average price of $46.43.

Calamos Convertible Equity Alternative ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, October 1st were given a $0.0778 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a positive change from Calamos Convertible Equity Alternative ETF’s previous monthly dividend of $0.0667. This represents a $0.93 annualized dividend and a dividend yield of 2.2%.

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.