Short Interest in Calamos Nasdaq Equity & Income ETF (NASDAQ:CANQ) Grows By 196.8%

Calamos Nasdaq Equity & Income ETF (NASDAQ:CANQ) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 828 shares, a growth of 196.8% from the May 14th total of 279 shares. Based on an average trading volume of 1,635 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Waverly Advisors LLC acquired a new position in shares of Calamos Nasdaq Equity & Income ETF in the 1st quarter worth approximately $28,000. Osaic Holdings Inc. lifted its position in shares of 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 purchasing an additional 2,299 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of Calamos Nasdaq Equity & Income ETF in the 4th quarter worth approximately $109,000. Sound Income Strategies LLC acquired a new position in shares of Calamos Nasdaq Equity & Income ETF in the 4th quarter worth approximately $270,000. Finally, Prosperity Wealth Management Inc. lifted its position in shares of Calamos Nasdaq Equity & Income ETF by 14.2% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 10,119 shares of the company’s stock worth $305,000 after purchasing an additional 1,256 shares during the period.

Calamos Nasdaq Equity & Income ETF Price Performance

CANQ opened at $30.51 on Friday. Calamos Nasdaq Equity & Income ETF has a fifty-two week low of $27.36 and a fifty-two week high of $31.62. The company’s 50 day moving average price is $30.09 and its two-hundred day moving average price is $29.71.

Calamos Nasdaq Equity & Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were given a $0.1178 dividend. This is an increase from Calamos Nasdaq Equity & Income ETF’s previous monthly dividend of $0.10. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

Calamos Nasdaq Equity & Income ETF Company Profile

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.