Short Interest in Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Decreases By 52.1%

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 4,916 shares, a drop of 52.1% from the July 30th total of 10,268 shares. Based on an average trading volume of 27,174 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.7% of the shares of the company are sold short.

Calamos Convertible Equity Alternative ETF Price Performance

Shares of NYSEARCA:CVRT traded down $0.67 during trading on Friday, hitting $47.39. 2,244 shares of the stock were exchanged, compared to its average volume of 9,717. Calamos Convertible Equity Alternative ETF has a 1-year low of $33.66 and a 1-year high of $54.09. The company’s fifty day simple moving average is $48.74 and its 200-day simple moving average is $47.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC boosted its position in shares of Calamos Convertible Equity Alternative ETF by 4.1% during the 1st quarter. Kestra Advisory Services LLC now owns 13,211 shares of the company’s stock valued at $549,000 after acquiring an additional 518 shares in the last quarter. Realta Investment Advisors acquired a new position in Calamos Convertible Equity Alternative ETF in the first quarter worth about $200,000. Jane Street Group LLC lifted its stake in 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 during the period. Aurora Private Wealth Inc. bought a new position in Calamos Convertible Equity Alternative ETF during the fourth quarter worth about $200,000. Finally, Envestnet Asset Management Inc. bought a new position in Calamos Convertible Equity Alternative ETF during the third quarter worth about $249,000.

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.