Short Interest in Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Decreases By 35.2%

by · The Markets Daily

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CVRT. Jane Street Group LLC boosted its stake in shares of Calamos Convertible Equity Alternative ETF by 7.5% in the first quarter. Jane Street Group LLC now owns 69,942 shares of the company’s stock valued at $2,000,000 after purchasing an additional 4,886 shares during the period. Envestnet Asset Management Inc. purchased a new position in shares of Calamos Convertible Equity Alternative ETF in the third quarter valued at $249,000. Aurora Private Wealth Inc. purchased a new position in shares of Calamos Convertible Equity Alternative ETF in the fourth quarter valued at $200,000. Grantvest Financial Group LLC purchased a new position in shares of Calamos Convertible Equity Alternative ETF in the fourth quarter valued at $278,000. Finally, 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 purchasing an additional 30,637 shares during the period.

Calamos Convertible Equity Alternative ETF Price Performance

Shares of Calamos Convertible Equity Alternative ETF stock traded down $0.05 during trading hours on Tuesday, hitting $52.72. The company’s stock had a trading volume of 6,026 shares, compared to its average volume of 8,751. The business has a fifty day moving average of $49.26 and a 200 day moving average of $43.76. Calamos Convertible Equity Alternative ETF has a 1-year low of $30.75 and a 1-year high of $54.09.

About Calamos Convertible Equity Alternative ETF

(Get Free Report)

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.

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