(CPNJ) Calamos Trust - Ratings and Ratios

The Calamos ETF Trust (NYSE Arca: CPNJ) is a defined outcome ETF that primarily invests in FLEX (Flexible EXchange) Options tied to the price performance of the Invesco QQQ Trust, Series 1. FLEX Options are customized equity or index option contracts traded on an exchange, offering flexibility in key terms such as strike prices, expiration dates, and option styles. This structure allows the fund to tailor its exposure to the underlying index, which tracks the Nasdaq-100 index, providing targeted outcomes for investors. The fund is non-diversified, meaning it may concentrate its investments in a limited number of securities or strategies, which can increase risk but also potentially enhance returns.

From a technical perspective, CPNJ is currently trading at $24.83 with a 20-day average volume of 9,587 shares. The funds short-term trend, indicated by the 20-day SMA of $25.16, suggests a slight dip below its recent average. The 50-day SMA of $25.09 and 200-day SMA of $24.57 indicate a consolidating pattern. The ATR of 0.08 reflects low volatility, suggesting limited price fluctuations in the near term. Fundamentally, the ETF manages $34.69M in assets, which is relatively small compared to larger ETFs, potentially impacting liquidity and price efficiency.