Calamos CEF Income & Arbitrage ETF (NYSEARCA:CCEF) Sees Significant Drop in Short Interest

Calamos CEF Income & Arbitrage ETF (NYSEARCA:CCEF) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 13,239 shares, a drop of 40.8% from the August 15th total of 22,364 shares. Based on an average daily volume of 4,378 shares, the days-to-cover ratio is currently 3.0 days. Approximately 1.1% of the shares of the company are sold short.

Calamos CEF Income & Arbitrage ETF Price Performance

Shares of Calamos CEF Income & Arbitrage ETF stock traded down $0.11 during trading hours on Wednesday, hitting $28.99. 1,605 shares of the company were exchanged, compared to its average volume of 4,431. The business has a 50-day moving average of $29.71 and a 200-day moving average of $29.32. Calamos CEF Income & Arbitrage ETF has a 1 year low of $27.54 and a 1 year high of $30.40.

Calamos CEF Income & Arbitrage ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were issued a $0.1948 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 8.1%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CCEF. Beacon Financial Advisory LLC boosted its holdings in Calamos CEF Income & Arbitrage ETF by 0.8% in the 2nd quarter. Beacon Financial Advisory LLC now owns 90,112 shares of the company’s stock valued at $2,697,000 after purchasing an additional 756 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Calamos CEF Income & Arbitrage ETF by 9.9% in the second quarter. Concurrent Investment Advisors LLC now owns 33,814 shares of the company’s stock valued at $920,000 after acquiring an additional 3,043 shares during the period. IFP Advisors Inc boosted its position in shares of Calamos CEF Income & Arbitrage ETF by 59.0% during the 2nd quarter. IFP Advisors Inc now owns 27,407 shares of the company’s stock worth $820,000 after purchasing an additional 10,170 shares in the last quarter. William Mack & Associates Inc. purchased a new stake in shares of Calamos CEF Income & Arbitrage ETF during the 2nd quarter worth $784,000. Finally, Legacy Wealth Managment LLC ID acquired a new position in shares of Calamos CEF Income & Arbitrage ETF during the 2nd quarter worth $356,000.

Calamos CEF Income & Arbitrage ETF Company Profile

The Calamos CEF Income & Arbitrage ETF (CCEF) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that invests in income-producing closed-end funds trading at attractive discounts. The fund seeks to deliver high current income and long-term capital appreciation. CCEF was launched on Jan 16, 2024 and is issued by Calamos.