Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 4,916 shares, a decrease of 52.1% from the July 30th total of 10,268 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 27,174 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Investors Weigh In On Calamos Convertible Equity Alternative ETF
A number of institutional investors and hedge funds have recently modified their holdings of the business. Truist Financial Corp increased its stake in shares of Calamos Convertible Equity Alternative ETF by 216.2% in the 4th quarter. Truist Financial Corp now owns 44,807 shares of the company’s stock valued at $1,708,000 after acquiring an additional 30,637 shares during the last quarter. Client First Investment Management LLC bought a new stake in Calamos Convertible Equity Alternative ETF in the second quarter valued at approximately $3,189,000. Jane Street Group LLC increased its stake in Calamos Convertible Equity Alternative ETF by 323.6% in the fourth quarter. Jane Street Group LLC now owns 66,358 shares of the company’s stock valued at $2,529,000 after purchasing an additional 50,691 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in Calamos Convertible Equity Alternative ETF in the third quarter worth $249,000. Finally, Kestra Advisory Services LLC raised its holdings in Calamos Convertible Equity Alternative ETF by 4.1% in the first quarter. Kestra Advisory Services LLC now owns 13,211 shares of the company’s stock worth $549,000 after purchasing an additional 518 shares during the period.
Calamos Convertible Equity Alternative ETF Stock Performance
NYSEARCA:CVRT traded down $0.67 during mid-day trading on Friday, hitting $47.39. The company’s stock had a trading volume of 2,244 shares, compared to its average volume of 9,717. Calamos Convertible Equity Alternative ETF has a fifty-two week low of $33.66 and a fifty-two week high of $54.09. The stock has a fifty day moving average of $48.74 and a 200-day moving average of $47.29.
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.
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