Short Interest in Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Declines By 63.1%

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 1,825 shares, a drop of 63.1% from the May 31st total of 4,940 shares. Based on an average daily trading volume, of 11,598 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Trading of Calamos Convertible Equity Alternative ETF

Several institutional investors and hedge funds have recently made changes to their positions in CVRT. Jane Street Group LLC lifted its stake in Calamos Convertible Equity Alternative ETF by 323.6% in the fourth quarter. Jane Street Group LLC now owns 66,358 shares of the company’s stock worth $2,529,000 after acquiring an additional 50,691 shares during the period. Truist Financial Corp boosted its stake in Calamos Convertible Equity Alternative ETF by 216.2% in the fourth quarter. Truist Financial Corp now owns 44,807 shares of the company’s stock valued at $1,708,000 after acquiring an additional 30,637 shares in the last quarter. Grantvest Financial Group LLC purchased a new position in Calamos Convertible Equity Alternative ETF during the 4th quarter worth $278,000. Envestnet Asset Management Inc. purchased a new stake in shares of Calamos Convertible Equity Alternative ETF during the third quarter worth about $249,000. Finally, Aurora Private Wealth Inc. purchased a new stake in Calamos Convertible Equity Alternative ETF during the 4th quarter worth approximately $200,000.

Calamos Convertible Equity Alternative ETF Stock Up 1.4%

Shares of NYSEARCA CVRT traded up $0.68 during trading hours on Monday, reaching $50.91. The stock had a trading volume of 3,163 shares, compared to its average volume of 8,735. The business’s fifty day moving average price is $50.53 and its two-hundred day moving average price is $44.62. Calamos Convertible Equity Alternative ETF has a 52-week low of $31.57 and a 52-week high of $54.09.

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.