Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Sees Significant Growth in Short Interest

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 6,239 shares, a growth of 241.9% from the June 15th total of 1,825 shares. Based on an average daily volume of 8,707 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.9% of the shares of the company are sold short.

Calamos Convertible Equity Alternative ETF Price Performance

NYSEARCA:CVRT opened at $49.52 on Monday. Calamos Convertible Equity Alternative ETF has a 12-month low of $32.80 and a 12-month high of $54.09. The stock’s 50 day simple moving average is $51.03 and its 200-day simple moving average is $45.43.

Hedge Funds Weigh In On Calamos Convertible Equity Alternative ETF

Several institutional investors have recently bought and sold shares of the company. Truist Financial Corp raised its position in Calamos Convertible Equity Alternative ETF by 216.2% during the 4th quarter. Truist Financial Corp now owns 44,807 shares of the company’s stock worth $1,708,000 after buying an additional 30,637 shares during the last quarter. Aurora Private Wealth Inc. acquired a new stake in shares of Calamos Convertible Equity Alternative ETF in the 4th quarter worth $200,000. Grantvest Financial Group LLC purchased a new stake in shares of Calamos Convertible Equity Alternative ETF in the fourth quarter valued at about $278,000. Jane Street Group LLC boosted its holdings in shares of 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 valued at $2,529,000 after acquiring an additional 50,691 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Calamos Convertible Equity Alternative ETF in the third quarter valued at 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.