Short Interest in Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Declines By 90.0%

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 490 shares, a decrease of 90.0% from the August 15th total of 4,916 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 6,652 shares, the days-to-cover ratio is currently 0.1 days.

Calamos Convertible Equity Alternative ETF Trading Up 0.6%

Shares of NYSEARCA CVRT traded up $0.30 during midday trading on Friday, hitting $47.15. The company’s stock had a trading volume of 2,690 shares, compared to its average volume of 9,568. The business’s fifty day simple moving average is $48.01 and its two-hundred day simple moving average is $47.59. Calamos Convertible Equity Alternative ETF has a 1 year low of $35.30 and a 1 year high of $54.09.

Calamos Convertible Equity Alternative ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were paid a dividend of $0.0462 per share. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Trading of Calamos Convertible Equity Alternative ETF

Several hedge funds have recently added to or reduced their stakes in CVRT. Realta Investment Advisors acquired a new position in Calamos Convertible Equity Alternative ETF during the 1st quarter worth approximately $200,000. Envestnet Asset Management Inc. acquired a new position in shares of Calamos Convertible Equity Alternative ETF during the 3rd quarter worth about $249,000. Kestra Advisory Services LLC boosted its position in shares of Calamos Convertible Equity Alternative ETF by 4.1% during 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 in the last quarter. Truist Financial Corp increased its holdings in shares of Calamos Convertible Equity Alternative ETF by 216.2% in the 4th quarter. Truist Financial Corp now owns 44,807 shares of the company’s stock valued at $1,708,000 after acquiring an additional 30,637 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Calamos Convertible Equity Alternative ETF by 7.5% in the 1st quarter. Jane Street Group LLC now owns 69,942 shares of the company’s stock valued at $2,000,000 after acquiring an additional 4,886 shares during the last quarter.

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.