Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Shares Shorted: Short Interest Up 172.9% in October

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 1,528 shares, a growth of 172.9% from the September 30th total of 560 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,010 shares, the short-interest ratio is presently 0.3 days.

Calamos Convertible Equity Alternative ETF Stock Performance

Shares of NYSEARCA CVRT traded down $0.44 during trading on Thursday, reaching $44.22. The company had a trading volume of 3,947 shares, compared to its average volume of 8,818. Calamos Convertible Equity Alternative ETF has a twelve month low of $35.46 and a twelve month high of $54.09. The stock has a 50-day moving average price of $46.30 and a two-hundred day moving average price of $46.39.

Calamos Convertible Equity Alternative ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.0778 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.93 annualized dividend and a dividend yield of 2.1%. This is an increase from Calamos Convertible Equity Alternative ETF’s previous monthly dividend of $0.0667.

Hedge Funds Weigh In On Calamos Convertible Equity Alternative ETF

A number of institutional investors have recently modified their holdings of the company. Client First Investment Management LLC purchased a new position in shares of Calamos Convertible Equity Alternative ETF during the second quarter valued at approximately $3,189,000. Kestra Advisory Services LLC grew its stake 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 raised its holdings in Calamos Convertible Equity Alternative ETF by 6.8% in the 3rd 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 during the last quarter. Finally, Wealth Enhancement Trust Services Inc. acquired a new position in Calamos Convertible Equity Alternative ETF in the 3rd quarter valued at $44,000.

Calamos Convertible Equity Alternative ETF Company Profile

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.