Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Shares Shorted: Short Interest Up 159.2% in September

by · The Markets Daily

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 1,270 shares, a growth of 159.2% from the August 31st total of 490 shares. Based on an average daily trading volume, of 5,512 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Client First Investment Management LLC purchased a new stake in Calamos Convertible Equity Alternative ETF during the 2nd quarter worth $3,189,000. Kestra Advisory Services LLC raised 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, Realta Investment Advisors purchased a new position in shares of Calamos Convertible Equity Alternative ETF in the first quarter valued at $200,000.

Calamos Convertible Equity Alternative ETF Trading Up 0.4%

Shares of CVRT stock opened at $46.83 on Friday. Calamos Convertible Equity Alternative ETF has a 1-year low of $35.46 and a 1-year high of $54.09. The firm’s 50-day simple moving average is $47.57 and its 200-day simple moving average is $47.86.

Calamos Convertible Equity Alternative ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were given a dividend of $0.0462 per share. This represents a $0.55 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 3rd.

Calamos Convertible Equity Alternative ETF Company Profile

(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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