Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Sees Large Decrease in Short Interest

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 90,400 shares, a decline of 22.1% from the February 13th total of 116,000 shares. Based on an average daily trading volume, of 189,100 shares, the days-to-cover ratio is currently 0.5 days.

Calamos Convertible Opportunities and Income Fund Trading Up 0.4 %

Shares of CHI stock traded up $0.04 during trading hours on Tuesday, hitting $10.04. 84,374 shares of the company were exchanged, compared to its average volume of 163,371. The firm has a fifty day moving average of $11.00 and a 200 day moving average of $11.50. Calamos Convertible Opportunities and Income Fund has a 1 year low of $9.85 and a 1 year high of $12.33.

Calamos Convertible Opportunities and Income Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Thursday, March 13th.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

A number of hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of Calamos Convertible Opportunities and Income Fund in the 3rd quarter worth $47,000. US Bancorp DE raised its holdings in shares of Calamos Convertible Opportunities and Income Fund by 1,997.6% in the 3rd quarter. US Bancorp DE now owns 4,300 shares of the company’s stock worth $50,000 after purchasing an additional 4,095 shares during the period. Larson Financial Group LLC lifted its stake in shares of Calamos Convertible Opportunities and Income Fund by 11,441.0% in the 3rd quarter. Larson Financial Group LLC now owns 4,501 shares of the company’s stock valued at $52,000 after purchasing an additional 4,462 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Calamos Convertible Opportunities and Income Fund in the 4th quarter valued at $68,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Calamos Convertible Opportunities and Income Fund during the 4th quarter valued at $78,000.

Calamos Convertible Opportunities and Income Fund Company Profile

Calamos Convertible Opportunities and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of convertible securities and high yield corporate bonds rated Ba or lower by Moody's or BB or lower by Standard & Poor's.