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

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 15,573 shares, a growth of 48.7% from the November 30th total of 10,470 shares. Approximately 5.2% of the shares of the stock are sold short. Based on an average daily volume of 8,631 shares, the short-interest ratio is currently 1.8 days. Based on an average daily volume of 8,631 shares, the short-interest ratio is currently 1.8 days. Approximately 5.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Calamos Convertible Equity Alternative ETF

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC increased its stake in Calamos Convertible Equity Alternative ETF by 7.5% in the 1st quarter. Jane Street Group LLC now owns 69,942 shares of the company’s stock valued at $2,000,000 after purchasing an additional 4,886 shares in the last quarter. Truist Financial Corp raised its stake in shares of Calamos Convertible Equity Alternative ETF by 63.3% during the 3rd quarter. Truist Financial Corp now owns 14,170 shares of the company’s stock worth $515,000 after buying an additional 5,494 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Calamos Convertible Equity Alternative ETF during the 3rd quarter worth $249,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Calamos Convertible Equity Alternative ETF in the 2nd quarter worth about $154,000.

Calamos Convertible Equity Alternative ETF Stock Performance

Shares of CVRT traded down $0.20 during trading hours on Tuesday, reaching $38.42. The company had a trading volume of 1,007 shares, compared to its average volume of 8,813. Calamos Convertible Equity Alternative ETF has a 12-month low of $24.79 and a 12-month high of $39.23. The firm has a 50 day simple moving average of $38.02 and a 200-day simple moving average of $35.52.

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.