Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Shares Shorted: Short Interest Down 55.9% in September

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 560 shares, a drop of 55.9% from the September 15th total of 1,270 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,864 shares, the short-interest ratio is currently 0.1 days.

Calamos Convertible Equity Alternative ETF Price Performance

Calamos Convertible Equity Alternative ETF stock traded down $0.23 during midday trading on Tuesday, hitting $45.88. 3,894 shares of the company’s stock were exchanged, compared to its average volume of 8,976. Calamos Convertible Equity Alternative ETF has a 52-week low of $35.46 and a 52-week high of $54.09. The stock has a 50-day moving average price of $47.41 and a two-hundred day moving average price of $48.27.

Calamos Convertible Equity Alternative ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, October 1st were given a dividend of $0.0778 per share. This is a boost from Calamos Convertible Equity Alternative ETF’s previous monthly dividend of $0.0667. The ex-dividend date was Thursday, October 1st. This represents a $0.93 dividend on an annualized basis and a dividend yield of 2.0%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CVRT. Client First Investment Management LLC bought a new stake in Calamos Convertible Equity Alternative ETF during the second quarter valued at approximately $3,189,000. Realta Investment Advisors purchased a new stake in shares of Calamos Convertible Equity Alternative ETF during the 1st quarter valued at $200,000. Wealth Enhancement Trust Services Inc. purchased a new stake in shares of Calamos Convertible Equity Alternative ETF during the 3rd quarter valued at $44,000. Finally, Kestra Advisory Services LLC lifted its holdings 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 during the last quarter.

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.