Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Sees Large Decline in Short Interest

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) saw a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 2,274 shares, a drop of 77.5% from the January 29th total of 10,093 shares. Based on an average daily volume of 26,632 shares, the short-interest ratio is currently 0.1 days. Currently, 0.5% of the shares of the company are short sold. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 26,632 shares, the short-interest ratio is currently 0.1 days.

Calamos Convertible Equity Alternative ETF Price Performance

Shares of NYSEARCA:CVRT traded down $0.68 on Thursday, reaching $43.16. The company’s stock had a trading volume of 2,181 shares, compared to its average volume of 13,939. Calamos Convertible Equity Alternative ETF has a 52-week low of $24.79 and a 52-week high of $44.10. The stock’s 50-day moving average is $40.88 and its two-hundred day moving average is $38.07.

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 paid a $0.04 dividend. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, February 2nd.

Institutional Investors Weigh In On Calamos Convertible Equity Alternative ETF

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC grew its position in 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 buying an additional 4,886 shares during the last quarter. Aurora Private Wealth Inc. acquired a new stake in shares of Calamos Convertible Equity Alternative ETF in the 4th quarter worth $200,000. Truist Financial Corp lifted its stake in shares of Calamos Convertible Equity Alternative ETF by 63.3% in the 3rd quarter. Truist Financial Corp now owns 14,170 shares of the company’s stock worth $515,000 after acquiring an additional 5,494 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of Calamos Convertible Equity Alternative ETF in the third quarter valued at about $249,000. Finally, Grantvest Financial Group LLC acquired a new position in shares of Calamos Convertible Equity Alternative ETF during the fourth quarter worth about $278,000.

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.