Short Interest in Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Increases By 124.8%

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT – Get Free Report) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 14,702 shares, an increase of 124.8% from the April 15th total of 6,539 shares. Based on an average daily trading volume, of 6,105 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.9% of the shares of the company are short sold.

Calamos Convertible Equity Alternative ETF Trading Down 2.2%

Shares of NYSEARCA CVRT opened at $50.58 on Friday. Calamos Convertible Equity Alternative ETF has a twelve month low of $30.12 and a twelve month high of $52.40. The stock has a 50 day moving average of $45.29 and a two-hundred day moving average of $41.71.

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Calamos Convertible Equity Alternative ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.0445 per share. This represents a c) annualized dividend and a dividend yield of 1.1%. This is a boost from Calamos Convertible Equity Alternative ETF’s previous monthly dividend of $0.04. The ex-dividend date was Monday, March 2nd.

Institutional Investors Weigh In On Calamos Convertible Equity Alternative ETF

Several large investors have recently modified their holdings of the stock. 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 worth $549,000 after purchasing an additional 518 shares during the last quarter. Realta Investment Advisors purchased a new stake in shares of Calamos Convertible Equity Alternative ETF during the first quarter worth approximately $200,000. Jane Street Group LLC raised its stake in shares of Calamos Convertible Equity Alternative ETF by 323.6% during the fourth quarter. Jane Street Group LLC now owns 66,358 shares of the company’s stock worth $2,529,000 after purchasing an additional 50,691 shares during the last quarter. Truist Financial Corp raised its stake in shares of Calamos Convertible Equity Alternative ETF by 216.2% during the fourth quarter. Truist Financial Corp now owns 44,807 shares of the company’s stock worth $1,708,000 after purchasing an additional 30,637 shares during the last quarter. Finally, Grantvest Financial Group LLC purchased a new stake in shares of Calamos Convertible Equity Alternative ETF during the fourth quarter worth approximately $278,000.

Calamos Convertible Equity Alternative ETF Company Profile

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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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