Calamos Nasdaq Equity & Income ETF (NASDAQ:CANQ) Sees Large Drop in Short Interest

Calamos Nasdaq Equity & Income ETF (NASDAQ:CANQ) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 122 shares, a drop of 84.5% from the September 15th total of 788 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,551 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Calamos Nasdaq Equity & Income ETF

Hedge funds have recently bought and sold shares of the stock. Waverly Advisors LLC bought a new stake in shares of Calamos Nasdaq Equity & Income ETF during the first quarter worth approximately $28,000. Calamos Wealth Management LLC grew its position in shares of Calamos Nasdaq Equity & Income ETF by 42.2% in the first quarter. Calamos Wealth Management LLC now owns 191,167 shares of the company’s stock valued at $5,326,000 after purchasing an additional 56,719 shares during the last quarter. Finally, Calamos Advisors LLC bought a new position in shares of Calamos Nasdaq Equity & Income ETF during the first quarter worth approximately $5,326,000.

Calamos Nasdaq Equity & Income ETF Stock Performance

Shares of CANQ stock traded up $0.20 during midday trading on Friday, hitting $29.80. 704 shares of the company were exchanged, compared to its average volume of 5,117. The firm’s 50 day moving average price is $29.97 and its two-hundred day moving average price is $30.00. Calamos Nasdaq Equity & Income ETF has a 52 week low of $27.36 and a 52 week high of $31.62.

Calamos Nasdaq Equity & Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, October 1st were issued a $0.1226 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.47 annualized dividend and a yield of 4.9%. This is an increase from Calamos Nasdaq Equity & Income ETF’s previous monthly dividend of $0.1109.

About Calamos Nasdaq Equity & Income ETF

The Calamos Alternative Nasdaq & Bond ETF (CANQ) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is actively managed to provide convertible security-like exposure to the NASDAQ-100 Index. The portfolio contains a mix of equity options and fixed income exposure to pursue favorable risk-adjusted returns CANQ was launched on Feb 13, 2024 and is issued by Calamos.