Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Short Interest Update

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 14,702 shares, an increase of 124.8% from the April 15th total of 6,539 shares. Based on an average daily volume of 6,105 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.9% of the shares of the stock are sold short.

Calamos Convertible Equity Alternative ETF Stock Down 2.2%

Shares of CVRT opened at $50.58 on Friday. Calamos Convertible Equity Alternative ETF has a 52-week low of $30.12 and a 52-week high of $52.40. The firm’s fifty day moving average is $45.29 and its two-hundred day moving average is $41.71.

Calamos Convertible Equity Alternative ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.0445 per share. This is a boost from Calamos Convertible Equity Alternative ETF’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 1.1%.

Institutional Investors Weigh In On Calamos Convertible Equity Alternative ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its holdings in shares of Calamos Convertible Equity Alternative ETF by 7.5% during the 1st quarter. Jane Street Group LLC now owns 69,942 shares of the company’s stock worth $2,000,000 after acquiring an additional 4,886 shares during the period. Truist Financial Corp raised its holdings in shares of Calamos Convertible Equity Alternative ETF by 63.3% during the 3rd quarter. Truist Financial Corp now owns 14,170 shares of the company’s stock worth $515,000 after acquiring an additional 5,494 shares during the period. Envestnet Asset Management Inc. purchased a new position in shares of Calamos Convertible Equity Alternative ETF during the 3rd quarter worth $249,000. Aurora Private Wealth Inc. purchased a new position in shares of Calamos Convertible Equity Alternative ETF during the 4th quarter worth $200,000. Finally, Grantvest Financial Group LLC purchased a new position in shares of Calamos Convertible Equity Alternative ETF during the 4th quarter worth $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.