Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Sees Large Growth in Short Interest
by Renee Jackson · The Cerbat GemCalamos Convertible Equity Alternative ETF (NYSEARCA:CVRT – Get Free Report) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 15,573 shares, a growth of 48.7% from the November 30th total of 10,470 shares. Currently, 5.2% of the company’s stock are sold short. Based on an average daily volume of 8,631 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily volume of 8,631 shares, the days-to-cover ratio is presently 1.8 days. Currently, 5.2% of the company’s stock are sold short.
Calamos Convertible Equity Alternative ETF Stock Performance
CVRT traded down $0.20 on Monday, reaching $38.71. 1,582 shares of the company traded hands, compared to its average volume of 8,843. The stock’s 50 day moving average price is $38.00 and its 200-day moving average price is $35.47. Calamos Convertible Equity Alternative ETF has a 52-week low of $24.79 and a 52-week high of $39.23.
Hedge Funds Weigh In On Calamos Convertible Equity Alternative ETF
A number of hedge funds have recently modified their holdings of CVRT. Ameritas Advisory Services LLC purchased a new stake in shares of Calamos Convertible Equity Alternative ETF during the second quarter worth $154,000. Truist Financial Corp grew its stake in Calamos Convertible Equity Alternative ETF by 63.3% in the third quarter. Truist Financial Corp now owns 14,170 shares of the company’s stock valued at $515,000 after purchasing an additional 5,494 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Calamos Convertible Equity Alternative ETF in the 3rd quarter worth about $249,000. Finally, Jane Street Group LLC increased its position in Calamos Convertible Equity Alternative ETF by 7.5% in the 1st quarter. Jane Street Group LLC now owns 69,942 shares of the company’s stock worth $2,000,000 after purchasing an additional 4,886 shares during the last quarter.
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.