Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Short Interest Update

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 14,702 shares, a growth of 124.8% from the April 15th total of 6,539 shares. Based on an average daily volume of 6,105 shares, the days-to-cover ratio is currently 2.4 days. Approximately 2.9% of the company’s shares are sold short.

Calamos Convertible Equity Alternative ETF Trading Down 2.2%

NYSEARCA:CVRT traded down $1.16 during midday trading on Friday, reaching $50.58. The company had a trading volume of 16,455 shares, compared to its average volume of 8,707. The stock’s fifty day simple moving average is $45.29 and its 200-day simple moving average is $41.73. Calamos Convertible Equity Alternative ETF has a 12-month low of $30.12 and a 12-month high of $52.40.

Calamos Convertible Equity Alternative ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were given a dividend of $0.0445 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Calamos Convertible Equity Alternative ETF’s previous monthly dividend of $0.04. This represents a c) annualized dividend and a yield of 1.1%.

Institutional Investors Weigh In On Calamos Convertible Equity Alternative ETF

Institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its holdings in Calamos Convertible Equity Alternative ETF by 4.1% in the first quarter. Kestra Advisory Services LLC now owns 13,211 shares of the company’s stock valued at $549,000 after purchasing an additional 518 shares during the last quarter. Realta Investment Advisors acquired a new stake in Calamos Convertible Equity Alternative ETF during the first quarter valued at approximately $200,000. Jane Street Group LLC lifted its position in shares of 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 acquiring an additional 4,886 shares in the last quarter. Aurora Private Wealth Inc. purchased a new stake in Calamos Convertible Equity Alternative ETF in the 4th quarter worth approximately $200,000. Finally, Truist Financial Corp increased its stake in shares of Calamos Convertible Equity Alternative ETF by 63.3% during the 3rd quarter. Truist Financial Corp now owns 14,170 shares of the company’s stock worth $515,000 after purchasing an additional 5,494 shares during the last quarter.

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.