Short Interest in Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Declines By 15.5%

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 235,500 shares, a drop of 15.5% from the October 15th total of 278,600 shares. Based on an average daily trading volume, of 130,200 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of Calamos Convertible Opportunities and Income Fund

Institutional investors have recently bought and sold shares of the stock. Cetera Advisors LLC bought a new position in Calamos Convertible Opportunities and Income Fund during the 1st quarter valued at about $324,000. Marathon Strategic Advisors LLC purchased a new stake in shares of Calamos Convertible Opportunities and Income Fund in the second quarter worth approximately $2,185,000. Monetary Management Group Inc. raised its holdings in shares of Calamos Convertible Opportunities and Income Fund by 50.0% in the second quarter. Monetary Management Group Inc. now owns 15,000 shares of the company’s stock worth $175,000 after buying an additional 5,000 shares during the period. Apollon Wealth Management LLC lifted its stake in shares of Calamos Convertible Opportunities and Income Fund by 0.9% during the 2nd quarter. Apollon Wealth Management LLC now owns 247,527 shares of the company’s stock worth $2,881,000 after acquiring an additional 2,240 shares during the last quarter. Finally, Institute for Wealth Management LLC. boosted its holdings in Calamos Convertible Opportunities and Income Fund by 11.0% during the 2nd quarter. Institute for Wealth Management LLC. now owns 45,012 shares of the company’s stock valued at $524,000 after acquiring an additional 4,474 shares during the period.

Calamos Convertible Opportunities and Income Fund Trading Down 0.6 %

CHI traded down $0.07 on Friday, hitting $11.69. The company had a trading volume of 112,079 shares, compared to its average volume of 159,280. Calamos Convertible Opportunities and Income Fund has a 12-month low of $9.70 and a 12-month high of $12.11. The business’s fifty day simple moving average is $11.66 and its 200 day simple moving average is $11.52.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a dividend yield of 9.75%. The ex-dividend date is Wednesday, November 13th.

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.