Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Shares Shorted: Short Interest Down 55.9% in September

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 560 shares, a decline of 55.9% from the September 15th total of 1,270 shares. Based on an average daily volume of 3,864 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Calamos Convertible Equity Alternative ETF

Hedge funds have recently made changes to their positions in the business. Wealth Enhancement Trust Services Inc. purchased a new stake in shares of Calamos Convertible Equity Alternative ETF in the 3rd quarter valued at $44,000. Realta Investment Advisors bought a new position in shares of Calamos Convertible Equity Alternative ETF during the 1st quarter valued at $200,000. Kestra Advisory Services LLC grew its holdings in shares of 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 valued at $549,000 after purchasing an additional 518 shares during the last quarter. Finally, Client First Investment Management LLC purchased a new position in Calamos Convertible Equity Alternative ETF in the 2nd quarter worth $3,189,000.

Calamos Convertible Equity Alternative ETF Price Performance

Shares of Calamos Convertible Equity Alternative ETF stock traded down $0.23 during trading on Tuesday, hitting $45.88. 3,894 shares of the stock traded hands, compared to its average volume of 8,976. The firm’s fifty day moving average is $47.41 and its 200-day moving average is $48.27. Calamos Convertible Equity Alternative ETF has a 52 week low of $35.46 and a 52 week high of $54.09.

Calamos Convertible Equity Alternative ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, October 1st were paid a $0.0778 dividend. This is an increase from Calamos Convertible Equity Alternative ETF’s previous monthly dividend of $0.0667. This represents a $0.93 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, October 1st.

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.