Calamos CEF Income & Arbitrage ETF (NYSEARCA:CCEF) Sees Large Drop in Short Interest

Calamos CEF Income & Arbitrage ETF (NYSEARCA:CCEF) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 8,162 shares, a decrease of 25.1% from the February 26th total of 10,903 shares. Based on an average daily trading volume, of 7,786 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.8% of the company’s shares are short sold.

Hedge Funds Weigh In On Calamos CEF Income & Arbitrage ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Beacon Financial Advisory LLC grew its holdings in shares of Calamos CEF Income & Arbitrage ETF by 1.2% in the 3rd quarter. Beacon Financial Advisory LLC now owns 90,914 shares of the company’s stock valued at $2,645,000 after buying an additional 1,112 shares during the period. Commonwealth Equity Services LLC raised its stake in Calamos CEF Income & Arbitrage ETF by 12.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 63,127 shares of the company’s stock worth $1,819,000 after buying an additional 7,001 shares during the period. Aurora Private Wealth Inc. bought a new position in Calamos CEF Income & Arbitrage ETF during the fourth quarter worth about $742,000. Osaic Holdings Inc. lifted its holdings in Calamos CEF Income & Arbitrage ETF by 4.1% during the fourth quarter. Osaic Holdings Inc. now owns 22,305 shares of the company’s stock worth $643,000 after acquiring an additional 875 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its stake in Calamos CEF Income & Arbitrage ETF by 26.2% in the fourth quarter. Ausdal Financial Partners Inc. now owns 20,640 shares of the company’s stock valued at $595,000 after acquiring an additional 4,280 shares during the period.

Calamos CEF Income & Arbitrage ETF Price Performance

Shares of Calamos CEF Income & Arbitrage ETF stock traded down $0.30 during trading on Friday, hitting $27.60. 5,753 shares of the company were exchanged, compared to its average volume of 6,392. The firm’s fifty day moving average price is $29.25 and its 200 day moving average price is $28.96. Calamos CEF Income & Arbitrage ETF has a 1-year low of $24.03 and a 1-year high of $30.02.

Calamos CEF Income & Arbitrage ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were paid a $0.2074 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is a boost from Calamos CEF Income & Arbitrage ETF’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a yield of 9.0%.

About Calamos CEF Income & Arbitrage ETF

The Calamos CEF Income & Arbitrage ETF (CCEF) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that invests in income-producing closed-end funds trading at attractive discounts. The fund seeks to deliver high current income and long-term capital appreciation. CCEF was launched on Jan 16, 2024 and is issued by Calamos.