Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Short Interest Update

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 358,600 shares, a drop of 11.0% from the August 15th total of 403,000 shares. Based on an average daily trading volume, of 141,800 shares, the short-interest ratio is presently 2.5 days.

Calamos Convertible Opportunities and Income Fund Stock Performance

Shares of NASDAQ CHI traded up $0.12 during mid-day trading on Wednesday, reaching $11.64. The company had a trading volume of 193,677 shares, compared to its average volume of 165,660. The company has a 50-day moving average price of $11.42 and a two-hundred day moving average price of $11.36. Calamos Convertible Opportunities and Income Fund has a 1-year low of $9.70 and a 1-year high of $12.11.

Calamos Convertible Opportunities and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.14 annualized dividend and a yield of 9.79%.

Institutional Trading of Calamos Convertible Opportunities and Income Fund

Hedge funds have recently bought and sold shares of the company. Marathon Strategic Advisors LLC purchased a new position in shares of Calamos Convertible Opportunities and Income Fund during the second quarter valued at $2,185,000. Wells Fargo & Company MN boosted its position in Calamos Convertible Opportunities and Income Fund by 13.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,415,190 shares of the company’s stock worth $14,661,000 after acquiring an additional 170,398 shares during the period. Creekside Partners purchased a new position in Calamos Convertible Opportunities and Income Fund during the 2nd quarter valued at about $1,443,000. Sanctuary Advisors LLC acquired a new position in shares of Calamos Convertible Opportunities and Income Fund in the 2nd quarter valued at about $955,000. Finally, D.A. Davidson & CO. lifted its position in shares of Calamos Convertible Opportunities and Income Fund by 11.8% in the fourth quarter. D.A. Davidson & CO. now owns 730,943 shares of the company’s stock worth $7,573,000 after purchasing an additional 77,211 shares in the last quarter.

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.