Calvert Ultra-Short Investment Grade ETF (NYSEARCA:CVSB) Sees Significant Growth in Short Interest

Calvert Ultra-Short Investment Grade ETF (NYSEARCA:CVSB) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 16,102 shares, an increase of 35.5% from the February 26th total of 11,881 shares. Based on an average daily volume of 10,752 shares, the short-interest ratio is presently 1.5 days. Approximately 0.4% of the company’s shares are sold short.

Calvert Ultra-Short Investment Grade ETF Price Performance

Shares of NYSEARCA CVSB traded up $0.04 during midday trading on Monday, hitting $50.76. 10,526 shares of the company traded hands, compared to its average volume of 17,352. Calvert Ultra-Short Investment Grade ETF has a 12-month low of $50.26 and a 12-month high of $50.99. The stock has a 50-day moving average price of $50.79 and a 200 day moving average price of $50.79.

Calvert Ultra-Short Investment Grade ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Friday, February 27th were given a dividend of $0.1589 per share. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.8%.

Hedge Funds Weigh In On Calvert Ultra-Short Investment Grade ETF

A number of institutional investors have recently added to or reduced their stakes in CVSB. Arkadios Wealth Advisors purchased a new position in Calvert Ultra-Short Investment Grade ETF in the 3rd quarter worth approximately $368,000. Rossby Financial LCC increased its holdings in shares of Calvert Ultra-Short Investment Grade ETF by 39.9% in the 3rd quarter. Rossby Financial LCC now owns 8,206 shares of the company’s stock worth $416,000 after purchasing an additional 2,342 shares in the last quarter. Prism Advisors Inc. increased its holdings in shares of Calvert Ultra-Short Investment Grade ETF by 33.7% in the 3rd quarter. Prism Advisors Inc. now owns 15,498 shares of the company’s stock worth $786,000 after purchasing an additional 3,910 shares in the last quarter. Finally, Betterment LLC raised its stake in shares of Calvert Ultra-Short Investment Grade ETF by 357.7% in the second quarter. Betterment LLC now owns 20,234 shares of the company’s stock worth $1,025,000 after purchasing an additional 15,813 shares during the last quarter.

Calvert Ultra-Short Investment Grade ETF Company Profile

The Calvert Ultra-Short Investment Grade ETF (CVSB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade US and foreign fixed income securities exhibiting effective management of environmental, social, and governance (ESG) risks and opportunities. The fund aims for an average portfolio duration of one year or less. CVSB was launched on Jan 30, 2023 and is managed by Calvert.