Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Stock Short Interest Report for October

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) was the target of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 514 shares, a drop of 66.4% from the October 15th total of 1,528 shares. Based on an average trading volume of 6,267 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Calamos Convertible Equity Alternative ETF

Hedge funds have recently added to or reduced their stakes in the business. Client First Investment Management LLC bought a new position in Calamos Convertible Equity Alternative ETF during the second quarter worth about $3,189,000. Wealth Enhancement Trust Services Inc. bought a new stake in shares of Calamos Convertible Equity Alternative ETF in the third quarter worth about $44,000. Grantvest Financial Group LLC increased its holdings in shares of 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 worth $555,000 after acquiring an additional 761 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its position in shares of Calamos Convertible Equity Alternative ETF by 4.1% during 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 1.4%

Shares of NYSEARCA CVRT traded down $0.58 during midday trading on Friday, reaching $41.47. 661 shares of the stock were exchanged, compared to its average volume of 8,513. The business has a 50-day simple moving average of $45.12 and a two-hundred day simple moving average of $46.47. Calamos Convertible Equity Alternative ETF has a 12 month low of $35.46 and a 12 month high of $54.09.

Calamos Convertible Equity Alternative ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 9th. Investors of record on Monday, November 2nd were given a $0.1177 dividend. The ex-dividend date was Monday, November 2nd. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from Calamos Convertible Equity Alternative ETF’s previous monthly dividend of $0.0778.

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.