Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Shares Shorted: Short Interest Up 172.9% in October

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,528 shares, a growth of 172.9% from the September 30th total of 560 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 5,010 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Calamos Convertible Equity Alternative ETF

Institutional investors have recently made changes to their positions in the stock. Grantvest Financial Group LLC boosted its holdings in Calamos Convertible Equity Alternative ETF by 6.8% in the third quarter. Grantvest Financial Group LLC now owns 11,967 shares of the company’s stock valued at $555,000 after acquiring an additional 761 shares during the last quarter. Wealth Enhancement Trust Services Inc. purchased a new position in shares of Calamos Convertible Equity Alternative ETF in the 3rd quarter worth about $44,000. Client First Investment Management LLC purchased a new position in shares of Calamos Convertible Equity Alternative ETF in the 2nd quarter worth about $3,189,000. Finally, Kestra Advisory Services LLC lifted its stake in shares of Calamos Convertible Equity Alternative ETF by 4.1% in 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 in the last quarter.

Calamos Convertible Equity Alternative ETF Price Performance

Shares of CVRT traded down $0.44 during mid-day trading on Thursday, hitting $44.22. The company had a trading volume of 3,947 shares, compared to its average volume of 8,818. The business’s 50-day simple moving average is $46.30 and its 200-day simple moving average is $46.39. Calamos Convertible Equity Alternative ETF has a 1-year low of $35.46 and a 1-year high of $54.09.

Calamos Convertible Equity Alternative ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, October 1st were issued a $0.0778 dividend. This is a boost from Calamos Convertible Equity Alternative ETF’s previous monthly dividend of $0.0667. The ex-dividend date was Thursday, October 1st. This represents a $0.93 dividend on an annualized basis and a dividend yield of 2.1%.

Calamos Convertible Equity Alternative ETF Company Profile

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.