Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Sees Significant Decrease in Short Interest

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 4,940 shares, a drop of 35.2% from the May 14th total of 7,624 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily volume of 6,143 shares, the short-interest ratio is presently 0.8 days.

Calamos Convertible Equity Alternative ETF Stock Up 0.9%

NYSEARCA:CVRT traded up $0.45 during trading hours on Wednesday, hitting $52.78. 2,532 shares of the company were exchanged, compared to its average volume of 8,711. Calamos Convertible Equity Alternative ETF has a one year low of $30.76 and a one year high of $54.09. The company has a fifty day simple moving average of $49.44 and a 200 day simple moving average of $43.86.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CVRT. Kestra Advisory Services LLC grew its holdings in Calamos Convertible Equity Alternative ETF by 4.1% during the 1st quarter. Kestra Advisory Services LLC now owns 13,211 shares of the company’s stock worth $549,000 after acquiring an additional 518 shares during the period. Realta Investment Advisors acquired a new stake in Calamos Convertible Equity Alternative ETF during the 1st quarter worth about $200,000. Jane Street Group LLC grew its holdings in Calamos Convertible Equity Alternative ETF by 7.5% during the 1st quarter. Jane Street Group LLC now owns 69,942 shares of the company’s stock worth $2,000,000 after acquiring an additional 4,886 shares during the period. Aurora Private Wealth Inc. acquired a new stake in Calamos Convertible Equity Alternative ETF during the 4th quarter worth about $200,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Calamos Convertible Equity Alternative ETF during the 3rd quarter worth about $249,000.

About Calamos Convertible Equity Alternative ETF

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.