Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Stock Short Interest Drops 55.9%

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 560 shares, a decrease of 55.9% from the September 15th total of 1,270 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 3,864 shares, the short-interest ratio is currently 0.1 days.

Calamos Convertible Equity Alternative ETF Stock Performance

Calamos Convertible Equity Alternative ETF stock traded down $1.53 during mid-day trading on Wednesday, reaching $44.35. 4,544 shares of the company’s stock were exchanged, compared to its average volume of 8,953. The business’s fifty day simple moving average is $47.34 and its 200 day simple moving average is $48.29. Calamos Convertible Equity Alternative ETF has a one year low of $35.46 and a one year high of $54.09.

Calamos Convertible Equity Alternative ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, October 1st were paid a $0.0778 dividend. The ex-dividend date was Thursday, October 1st. This represents a $0.93 annualized dividend and a yield of 2.1%. This is an increase from Calamos Convertible Equity Alternative ETF’s previous monthly dividend of $0.0667.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Wealth Enhancement Trust Services Inc. bought a new stake in Calamos Convertible Equity Alternative ETF in the 3rd quarter worth approximately $44,000. Realta Investment Advisors bought a new stake in Calamos Convertible Equity Alternative ETF in the first quarter valued at approximately $200,000. Kestra Advisory Services LLC boosted its stake in shares of Calamos Convertible Equity Alternative ETF by 4.1% during the first quarter. Kestra Advisory Services LLC now owns 13,211 shares of the company’s stock valued at $549,000 after purchasing an additional 518 shares during the period. Finally, Client First Investment Management LLC purchased a new position in shares of Calamos Convertible Equity Alternative ETF in the second quarter worth $3,189,000.

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.