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

Calamos CEF Income & Arbitrage ETF (NYSEARCA:CCEF) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 13,239 shares, a decrease of 40.8% from the August 15th total of 22,364 shares. Based on an average daily trading volume, of 4,378 shares, the short-interest ratio is presently 3.0 days. Approximately 1.1% of the shares of the company are sold short.

Institutional Trading of Calamos CEF Income & Arbitrage ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Beacon Financial Advisory LLC lifted its holdings in shares of Calamos CEF Income & Arbitrage ETF by 0.8% during the second quarter. Beacon Financial Advisory LLC now owns 90,112 shares of the company’s stock worth $2,697,000 after purchasing an additional 756 shares during the period. Capital Analysts LLC increased its stake in Calamos CEF Income & Arbitrage ETF by 40.5% in the 2nd quarter. Capital Analysts LLC now owns 5,328 shares of the company’s stock valued at $159,000 after buying an additional 1,536 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new position in Calamos CEF Income & Arbitrage ETF in the 1st quarter valued at $51,000. Kingsview Wealth Management LLC increased its stake in Calamos CEF Income & Arbitrage ETF by 30.9% in the 4th quarter. Kingsview Wealth Management LLC now owns 9,521 shares of the company’s stock valued at $274,000 after buying an additional 2,250 shares during the period. Finally, Concurrent Investment Advisors LLC raised its position in Calamos CEF Income & Arbitrage ETF by 9.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 33,814 shares of the company’s stock worth $920,000 after buying an additional 3,043 shares during the last quarter.

Calamos CEF Income & Arbitrage ETF Price Performance

Shares of CCEF traded down $0.05 during mid-day trading on Friday, hitting $29.15. 1,060 shares of the company’s stock were exchanged, compared to its average volume of 4,419. Calamos CEF Income & Arbitrage ETF has a fifty-two week low of $27.54 and a fifty-two week high of $30.40. The business’s 50 day moving average is $29.69 and its two-hundred day moving average is $29.31.

Calamos CEF Income & Arbitrage ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.1948 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) annualized dividend and a yield of 8.0%.

Calamos CEF Income & Arbitrage ETF Company Profile

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.