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

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 1,429 shares, a decrease of 37.2% from the February 12th total of 2,274 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 4,196 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 4,196 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the company’s shares are short sold.

Calamos Convertible Equity Alternative ETF Price Performance

CVRT traded up $0.25 during midday trading on Friday, reaching $41.21. 3,131 shares of the company were exchanged, compared to its average volume of 11,454. Calamos Convertible Equity Alternative ETF has a one year low of $24.79 and a one year high of $44.10. The stock’s 50-day simple moving average is $41.66 and its 200 day simple moving average is $38.69.

Calamos Convertible Equity Alternative ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were paid a dividend of $0.0445 per share. This represents a c) annualized dividend and a yield of 1.3%. 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.

Institutional Investors Weigh In On Calamos Convertible Equity Alternative ETF

Large investors have recently bought and sold shares of the company. Aurora Private Wealth Inc. acquired a new stake in Calamos Convertible Equity Alternative ETF during the 4th quarter worth approximately $200,000. Envestnet Asset Management Inc. acquired a new stake in Calamos Convertible Equity Alternative ETF in the third quarter valued at $249,000. Grantvest Financial Group LLC bought a new position in shares of Calamos Convertible Equity Alternative ETF in the 4th quarter valued at about $278,000. Truist Financial Corp grew its position 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 valued at $515,000 after acquiring an additional 5,494 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of 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 purchasing an additional 50,691 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.