Short Interest in Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Expands By 120.6%

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI – Get Rating) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 83,400 shares, an increase of 120.6% from the March 31st total of 37,800 shares. Based on an average daily trading volume, of 213,800 shares, the short-interest ratio is currently 0.4 days.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Guggenheim Capital LLC lifted its holdings in shares of Calamos Convertible Opportunities and Income Fund by 10.4% in the fourth quarter. Guggenheim Capital LLC now owns 931,955 shares of the company’s stock valued at $14,082,000 after purchasing an additional 88,139 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in Calamos Convertible Opportunities and Income Fund in the 1st quarter valued at approximately $1,147,000. NewEdge Advisors LLC bought a new stake in Calamos Convertible Opportunities and Income Fund in the 4th quarter valued at approximately $863,000. LPL Financial LLC boosted its position in Calamos Convertible Opportunities and Income Fund by 13.8% during the 4th quarter. LPL Financial LLC now owns 424,675 shares of the company’s stock worth $6,417,000 after acquiring an additional 51,571 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Calamos Convertible Opportunities and Income Fund by 5.6% during the 4th quarter. Bank of America Corp DE now owns 960,782 shares of the company’s stock worth $14,517,000 after acquiring an additional 50,806 shares in the last quarter.

NASDAQ CHI opened at $12.70 on Friday. Calamos Convertible Opportunities and Income Fund has a one year low of $11.70 and a one year high of $16.44. The stock’s 50-day moving average is $12.87 and its 200-day moving average is $14.24.

The business also recently announced a monthly dividend, which was paid on Wednesday, April 20th. Shareholders of record on Wednesday, April 13th were issued a dividend of $0.095 per share. The ex-dividend date was Tuesday, April 12th. This represents a $1.14 annualized dividend and a yield of 8.98%.

Calamos Convertible Opportunities and Income Fund Company Profile (Get Rating)

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.

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