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

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 4,940 shares, a decline of 35.2% from the May 14th total of 7,624 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 6,143 shares, the short-interest ratio is presently 0.8 days.

Calamos Convertible Equity Alternative ETF Stock Down 0.4%

Shares of NYSEARCA:CVRT opened at $52.13 on Thursday. The firm’s 50-day simple moving average is $49.62 and its 200-day simple moving average is $43.95. Calamos Convertible Equity Alternative ETF has a fifty-two week low of $30.76 and a fifty-two week high of $54.09.

Institutional Trading of Calamos Convertible Equity Alternative ETF

A number of institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC boosted its stake in shares of 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 buying an additional 518 shares in the last quarter. Realta Investment Advisors purchased a new stake in shares of Calamos Convertible Equity Alternative ETF in the first quarter valued at approximately $200,000. Jane Street Group LLC boosted its stake in shares of Calamos Convertible Equity Alternative ETF by 323.6% in the fourth quarter. Jane Street Group LLC now owns 66,358 shares of the company’s stock valued at $2,529,000 after buying an additional 50,691 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Calamos Convertible Equity Alternative ETF by 216.2% in the fourth quarter. Truist Financial Corp now owns 44,807 shares of the company’s stock valued at $1,708,000 after buying an additional 30,637 shares in the last quarter. Finally, Grantvest Financial Group LLC purchased a new stake in shares of Calamos Convertible Equity Alternative ETF in the fourth quarter valued at approximately $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.