Notable companies
The most notable companies in this group are Paramount Global (NASDAQ:PARA).
Industry description
The investment seeks total return through capital appreciation and current income.
The fund is an actively managed exchange-traded fund ("ETF") that invests in the segment of the U.S. convertibles marketplace that has a higher level of equity sensitivity. The fund seeks to achieve its objective by investing at least 80% of its net assets (plus borrowings for investment purposes, if any) in a portfolio of convertible securities (including synthetic convertible instruments). The fund is non-diversified.
High and low price notable news
The average weekly price growth across all stocks in the Calamos Convertible Equity Alt ETF ETF was -3%. For the same ETF, the average monthly price growth was 4%, and the average quarterly price growth was 9%. PARA experienced the highest price growth at -1%, while PARA experienced the biggest fall at -1%.