Short Interest in Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Decreases By 52.1%

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 4,916 shares, a drop of 52.1% from the July 30th total of 10,268 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 27,174 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Calamos Convertible Equity Alternative ETF

Several large investors have recently made changes to their positions in the company. Client First Investment Management LLC bought a new stake in Calamos Convertible Equity Alternative ETF during the second quarter worth approximately $3,189,000. Kestra Advisory Services LLC lifted 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 worth $549,000 after buying an additional 518 shares during the last quarter. Realta Investment Advisors bought a new stake in shares of Calamos Convertible Equity Alternative ETF during the 1st quarter worth $200,000. Jane Street Group LLC grew its stake in Calamos Convertible Equity Alternative ETF by 323.6% in the 4th 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 during the last quarter. Finally, Truist Financial Corp raised its holdings in Calamos Convertible Equity Alternative ETF by 216.2% in the 4th quarter. Truist Financial Corp now owns 44,807 shares of the company’s stock worth $1,708,000 after acquiring an additional 30,637 shares during the period.

Calamos Convertible Equity Alternative ETF Stock Performance

Shares of CVRT traded down $0.67 during trading hours on Friday, hitting $47.39. 2,244 shares of the company were exchanged, compared to its average volume of 9,717. The firm has a fifty day simple moving average of $48.74 and a 200-day simple moving average of $47.29. Calamos Convertible Equity Alternative ETF has a one year low of $33.66 and a one year high of $54.09.

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.