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

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 1,825 shares, a decrease of 63.1% from the May 31st total of 4,940 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 11,598 shares, the short-interest ratio is currently 0.2 days.

Calamos Convertible Equity Alternative ETF Price Performance

CVRT opened at $50.23 on Friday. The business’s 50-day moving average price is $50.53 and its two-hundred day moving average price is $44.58. Calamos Convertible Equity Alternative ETF has a 1 year low of $31.57 and a 1 year high of $54.09.

Institutional Investors Weigh In On Calamos Convertible Equity Alternative ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC raised its position in Calamos Convertible Equity Alternative ETF by 4.1% in the 1st quarter. Kestra Advisory Services LLC now owns 13,211 shares of the company’s stock valued at $549,000 after buying an additional 518 shares during the last quarter. Realta Investment Advisors bought a new position in shares of Calamos Convertible Equity Alternative ETF during the 1st quarter worth approximately $200,000. Jane Street Group LLC raised its holdings in shares of Calamos Convertible Equity Alternative ETF by 7.5% in the first quarter. Jane Street Group LLC now owns 69,942 shares of the company’s stock valued at $2,000,000 after purchasing 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 fourth quarter valued at approximately $200,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Calamos Convertible Equity Alternative ETF in the third quarter valued at approximately $249,000.

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.