Short Interest in Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Grows By 13.0%

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 210,700 shares, an increase of 13.0% from the November 30th total of 186,500 shares. Based on an average daily trading volume, of 132,500 shares, the days-to-cover ratio is currently 1.6 days.

Calamos Convertible Opportunities and Income Fund Trading Down 1.7 %

Shares of Calamos Convertible Opportunities and Income Fund stock traded down $0.21 during trading on Wednesday, reaching $11.94. 169,061 shares of the stock traded hands, compared to its average volume of 156,424. Calamos Convertible Opportunities and Income Fund has a 52-week low of $10.01 and a 52-week high of $12.33. The business has a fifty day simple moving average of $11.92 and a two-hundred day simple moving average of $11.68.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be paid a dividend of $0.095 per share. The ex-dividend date is Monday, December 30th.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Calamos Convertible Opportunities and Income Fund in the 3rd quarter valued at approximately $47,000. Sanctuary Advisors LLC raised its holdings in Calamos Convertible Opportunities and Income Fund by 5.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 91,751 shares of the company’s stock valued at $1,111,000 after buying an additional 5,128 shares during the period. MML Investors Services LLC lifted its position in Calamos Convertible Opportunities and Income Fund by 18.9% in the third quarter. MML Investors Services LLC now owns 13,853 shares of the company’s stock worth $161,000 after buying an additional 2,205 shares during the last quarter. EP Wealth Advisors LLC lifted its position in Calamos Convertible Opportunities and Income Fund by 79.6% in the third quarter. EP Wealth Advisors LLC now owns 29,335 shares of the company’s stock worth $341,000 after buying an additional 13,000 shares during the last quarter. Finally, IHT Wealth Management LLC purchased a new position in Calamos Convertible Opportunities and Income Fund during the third quarter worth $451,000.

About Calamos Convertible Opportunities and Income Fund

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.