Calamos CEF Income & Arbitrage ETF (NYSEARCA:CCEF) Shares Shorted: Short Interest Down 66.7% in October

Calamos CEF Income & Arbitrage ETF (NYSEARCA:CCEF) saw a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 4,271 shares, a decline of 66.7% from the October 15th total of 12,832 shares. Based on an average daily volume of 3,348 shares, the short-interest ratio is presently 1.3 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Calamos CEF Income & Arbitrage ETF

Several institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC purchased a new position in shares of Calamos CEF Income & Arbitrage ETF in the third quarter valued at $1,491,000. William Mack & Associates Inc. bought a new position in Calamos CEF Income & Arbitrage ETF in the 2nd quarter worth about $784,000. Brookstone Capital Management purchased a new position in Calamos CEF Income & Arbitrage ETF during the 3rd quarter valued at about $415,000. Legacy Wealth Managment LLC ID purchased a new position in Calamos CEF Income & Arbitrage ETF during the 2nd quarter valued at about $356,000. Finally, IFP Advisors Inc increased its position in shares of Calamos CEF Income & Arbitrage ETF by 59.0% during the second quarter. IFP Advisors Inc now owns 27,407 shares of the company’s stock valued at $820,000 after buying an additional 10,170 shares during the period.

Calamos CEF Income & Arbitrage ETF Stock Performance

Shares of CCEF stock traded down $0.07 during trading on Friday, reaching $27.98. 1,829 shares of the company’s stock traded hands, compared to its average volume of 4,338. The firm’s 50-day moving average is $28.66 and its 200 day moving average is $29.19. Calamos CEF Income & Arbitrage ETF has a 1 year low of $27.54 and a 1 year high of $30.40.

Calamos CEF Income & Arbitrage ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, November 9th. Shareholders of record on Monday, November 2nd were issued a dividend of $0.1908 per share. This represents a $2.29 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend was Monday, November 2nd. This is a negative change from Calamos CEF Income & Arbitrage ETF’s previous monthly dividend of $0.1948.

About Calamos CEF Income & Arbitrage ETF

The Calamos CEF Income & Arbitrage ETF (CCEF) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that invests in income-producing closed-end funds trading at attractive discounts. The fund seeks to deliver high current income and long-term capital appreciation. CCEF was launched on Jan 16, 2024 and is issued by Calamos.