Calamos CEF Income & Arbitrage ETF (NYSEARCA:CCEF) Sees Large Drop in Short Interest

Calamos CEF Income & Arbitrage ETF (NYSEARCA:CCEF) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 13,239 shares, a drop of 40.8% from the August 15th total of 22,364 shares. Based on an average daily trading volume, of 4,378 shares, the short-interest ratio is currently 3.0 days. Approximately 1.1% of the company’s shares are sold short.

Calamos CEF Income & Arbitrage ETF Price Performance

CCEF stock traded up $0.21 during midday trading on Thursday, hitting $29.20. The stock had a trading volume of 5,606 shares, compared to its average volume of 4,438. The business has a fifty day moving average price of $29.70 and a two-hundred day moving average price of $29.32. Calamos CEF Income & Arbitrage ETF has a 1-year low of $27.54 and a 1-year high of $30.40.

Calamos CEF Income & Arbitrage ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were paid a $0.1948 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Investors Weigh In On Calamos CEF Income & Arbitrage ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital Analysts LLC increased its stake in Calamos CEF Income & Arbitrage ETF by 40.5% in the second quarter. Capital Analysts LLC now owns 5,328 shares of the company’s stock valued at $159,000 after purchasing an additional 1,536 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Calamos CEF Income & Arbitrage ETF by 59.0% during the 2nd quarter. IFP Advisors Inc now owns 27,407 shares of the company’s stock worth $820,000 after purchasing an additional 10,170 shares in the last quarter. Tucker Asset Management LLC bought a new position in shares of Calamos CEF Income & Arbitrage ETF during the 2nd quarter worth about $87,000. Legacy Wealth Managment LLC ID acquired a new stake in shares of Calamos CEF Income & Arbitrage ETF in the 2nd quarter valued at about $356,000. Finally, Concurrent Investment Advisors LLC grew its stake in shares of Calamos CEF Income & Arbitrage ETF by 9.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 33,814 shares of the company’s stock valued at $920,000 after buying an additional 3,043 shares during the period.

About Calamos CEF Income & Arbitrage ETF

The Calamos CEF Income & Arbitrage ETF (CCEF) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that invests in income-producing closed-end funds trading at attractive discounts. The fund seeks to deliver high current income and long-term capital appreciation. CCEF was launched on Jan 16, 2024 and is issued by Calamos.