Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Sees Large Decline in Short Interest

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 7,624 shares, a decline of 48.1% from the April 30th total of 14,702 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily volume of 10,700 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Calamos Convertible Equity Alternative ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVRT. Realta Investment Advisors purchased a new stake in Calamos Convertible Equity Alternative ETF in the first quarter valued at approximately $200,000. Aurora Private Wealth Inc. purchased a new stake in Calamos Convertible Equity Alternative ETF in the fourth quarter valued at approximately $200,000. Envestnet Asset Management Inc. purchased a new stake in Calamos Convertible Equity Alternative ETF in the third quarter valued at approximately $249,000. Grantvest Financial Group LLC purchased a new stake in Calamos Convertible Equity Alternative ETF in the fourth quarter valued at approximately $278,000. Finally, Truist Financial Corp raised its position 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 purchasing an additional 5,494 shares during the period.

Calamos Convertible Equity Alternative ETF Stock Down 0.1%

NYSEARCA CVRT traded down $0.03 on Monday, reaching $52.15. The stock had a trading volume of 2,056 shares, compared to its average volume of 8,414. Calamos Convertible Equity Alternative ETF has a 12-month low of $30.60 and a 12-month high of $52.49. The stock has a fifty day moving average price of $47.12 and a two-hundred day moving average price of $42.62.

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.