Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Short Interest Update

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

Hedge Funds Weigh In On Calamos Convertible Equity Alternative ETF

Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC grew its stake in shares of 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 during the last quarter. Truist Financial Corp grew its stake in shares of Calamos Convertible Equity Alternative ETF by 216.2% in the 4th quarter. Truist Financial Corp now owns 44,807 shares of the company’s stock valued at $1,708,000 after purchasing an additional 30,637 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of Calamos Convertible Equity Alternative ETF by 4.1% in the 1st quarter. Kestra Advisory Services LLC now owns 13,211 shares of the company’s stock valued at $549,000 after purchasing an additional 518 shares during the last quarter. Grantvest Financial Group LLC purchased a new position in shares of Calamos Convertible Equity Alternative ETF in the 4th quarter valued at approximately $278,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Calamos Convertible Equity Alternative ETF in the 3rd quarter valued at approximately $249,000.

Calamos Convertible Equity Alternative ETF Stock Performance

Shares of CVRT stock traded down $0.03 during mid-day trading on Monday, hitting $52.15. 2,056 shares of the stock were exchanged, compared to its average volume of 8,414. The stock’s fifty day simple moving average is $47.12 and its two-hundred day simple moving average is $42.62. Calamos Convertible Equity Alternative ETF has a 12-month low of $30.60 and a 12-month high of $52.49.

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.