Short Interest in Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Increases By 41.4%

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 10,093 shares, an increase of 41.4% from the January 15th total of 7,139 shares. Based on an average trading volume of 3,480 shares, the short-interest ratio is currently 2.9 days. Currently, 2.0% of the shares of the stock are short sold. Currently, 2.0% of the shares of the stock are short sold. Based on an average trading volume of 3,480 shares, the short-interest ratio is currently 2.9 days.

Calamos Convertible Equity Alternative ETF Price Performance

CVRT stock opened at $42.73 on Tuesday. The firm has a 50-day moving average price of $40.20 and a 200-day moving average price of $37.60. Calamos Convertible Equity Alternative ETF has a 12 month low of $24.79 and a 12 month high of $43.42.

Calamos Convertible Equity Alternative ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Monday, February 2nd were given a $0.04 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 1.1%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Jane Street Group LLC grew its position in Calamos Convertible Equity Alternative ETF by 323.6% during the 4th quarter. Jane Street Group LLC now owns 66,358 shares of the company’s stock worth $2,529,000 after acquiring an additional 50,691 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Calamos Convertible Equity Alternative ETF by 216.2% during the fourth quarter. Truist Financial Corp now owns 44,807 shares of the company’s stock worth $1,708,000 after purchasing an additional 30,637 shares during the last quarter. Grantvest Financial Group LLC acquired a new position in shares of Calamos Convertible Equity Alternative ETF in the fourth quarter valued at approximately $278,000. Envestnet Asset Management Inc. bought a new position in Calamos Convertible Equity Alternative ETF in the 3rd quarter valued at approximately $249,000. Finally, Aurora Private Wealth Inc. acquired a new stake in Calamos Convertible Equity Alternative ETF during the 4th quarter worth approximately $200,000.

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.