Calamos Nasdaq Equity & Income ETF (NASDAQ:CANQ) Sees Significant Growth in Short Interest

Calamos Nasdaq Equity & Income ETF (NASDAQ:CANQ) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 2,539 shares, an increase of 449.6% from the January 29th total of 462 shares. Based on an average daily trading volume, of 4,306 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 4,306 shares, the days-to-cover ratio is presently 0.6 days.

Calamos Nasdaq Equity & Income ETF Price Performance

Shares of CANQ stock traded up $0.13 during trading hours on Wednesday, reaching $29.63. 10,527 shares of the company’s stock were exchanged, compared to its average volume of 14,179. Calamos Nasdaq Equity & Income ETF has a 1 year low of $25.11 and a 1 year high of $31.60. The stock’s fifty day moving average price is $29.70 and its two-hundred day moving average price is $29.95.

Calamos Nasdaq Equity & Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Monday, February 2nd were given a dividend of $0.1113 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Prosperity Wealth Management Inc. lifted its stake in shares of Calamos Nasdaq Equity & Income ETF by 14.2% during the third quarter. Prosperity Wealth Management Inc. now owns 10,119 shares of the company’s stock worth $305,000 after buying an additional 1,256 shares during the period. IFP Advisors Inc increased its position in shares of Calamos Nasdaq Equity & Income ETF by 6.1% in the 4th quarter. IFP Advisors Inc now owns 23,973 shares of the company’s stock valued at $714,000 after acquiring an additional 1,370 shares during the period. Osaic Holdings Inc. raised its stake in Calamos Nasdaq Equity & Income ETF by 155.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,778 shares of the company’s stock worth $109,000 after acquiring an additional 2,299 shares during the last quarter. Brookwood Investment Group LLC raised its stake in Calamos Nasdaq Equity & Income ETF by 25.8% in the 4th quarter. Brookwood Investment Group LLC now owns 14,856 shares of the company’s stock worth $442,000 after acquiring an additional 3,044 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in Calamos Nasdaq Equity & Income ETF during the 4th quarter worth about $109,000.

About Calamos Nasdaq Equity & Income ETF

The Calamos Alternative Nasdaq & Bond ETF (CANQ) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is actively managed to provide convertible security-like exposure to the NASDAQ-100 Index. The portfolio contains a mix of equity options and fixed income exposure to pursue favorable risk-adjusted returns CANQ was launched on Feb 13, 2024 and is issued by Calamos.