Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Short Interest Up 839.5% in April

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 6,539 shares, a growth of 839.5% from the March 31st total of 696 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 3,408 shares, the short-interest ratio is presently 1.9 days.

Calamos Convertible Equity Alternative ETF Stock Down 0.1%

NYSEARCA:CVRT traded down $0.06 during mid-day trading on Friday, reaching $47.68. The stock had a trading volume of 4,598 shares, compared to its average volume of 8,579. Calamos Convertible Equity Alternative ETF has a 1-year low of $28.70 and a 1-year high of $48.11. The stock’s 50 day simple moving average is $43.38 and its two-hundred day simple moving average is $40.47.

Calamos Convertible Equity Alternative ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were paid a $0.0445 dividend. The ex-dividend date was Monday, March 2nd. This is an increase from Calamos Convertible Equity Alternative ETF’s previous monthly dividend of $0.04. This represents a c) dividend on an annualized basis and a yield of 1.1%.

Hedge Funds Weigh In On Calamos Convertible Equity Alternative ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of CVRT. Realta Investment Advisors acquired a new position in Calamos Convertible Equity Alternative ETF in the first quarter valued at approximately $200,000. Aurora Private Wealth Inc. acquired a new position in Calamos Convertible Equity Alternative ETF in the fourth quarter valued at approximately $200,000. Envestnet Asset Management Inc. acquired a new position in Calamos Convertible Equity Alternative ETF in the third quarter valued at approximately $249,000. Grantvest Financial Group LLC acquired a new position in Calamos Convertible Equity Alternative ETF in the fourth quarter valued at approximately $278,000. Finally, Truist Financial Corp boosted its stake in Calamos Convertible Equity Alternative ETF by 63.3% in the third quarter. Truist Financial Corp now owns 14,170 shares of the company’s stock valued at $515,000 after acquiring an additional 5,494 shares during the period.

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.