Short Interest in Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Decreases By 59.6%

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 6,291 shares, a decline of 59.6% from the December 15th total of 15,573 shares. Based on an average daily volume of 4,800 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.6% of the company’s shares are short sold. Approximately 1.6% of the company’s shares are short sold. Based on an average daily volume of 4,800 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Calamos Convertible Equity Alternative ETF

Several hedge funds have recently bought and sold shares of CVRT. Jane Street Group LLC grew its stake in shares of Calamos Convertible Equity Alternative ETF by 7.5% during the first quarter. Jane Street Group LLC now owns 69,942 shares of the company’s stock worth $2,000,000 after purchasing an additional 4,886 shares in the last quarter. Truist Financial Corp lifted its stake in Calamos Convertible Equity Alternative ETF by 63.3% during the third quarter. Truist Financial Corp now owns 14,170 shares of the company’s stock worth $515,000 after purchasing 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 in the 3rd quarter valued at $249,000. Finally, Ameritas Advisory Services LLC acquired a new position in Calamos Convertible Equity Alternative ETF in the second quarter valued at $154,000.

Calamos Convertible Equity Alternative ETF Trading Down 0.5%

CVRT stock traded down $0.20 during mid-day trading on Wednesday, hitting $40.34. 2,267 shares of the company were exchanged, compared to its average volume of 20,752. The business has a fifty day simple moving average of $38.39 and a 200-day simple moving average of $36.20. Calamos Convertible Equity Alternative ETF has a 12-month low of $24.79 and a 12-month high of $40.59.

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.