Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Share Price Passes Below 50-Day Moving Average of $11.15

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.15 and traded as low as $10.98. Calamos Convertible Opportunities and Income Fund shares last traded at $11.07, with a volume of 154,441 shares trading hands.

Calamos Convertible Opportunities and Income Fund Stock Down 0.4 %

The company’s 50 day simple moving average is $11.15 and its 200 day simple moving average is $10.62.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 12th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.14 annualized dividend and a yield of 10.30%.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

A number of hedge funds have recently modified their holdings of the business. Creekmur Asset Management LLC purchased a new position in shares of Calamos Convertible Opportunities and Income Fund during the fourth quarter worth approximately $133,000. Harbour Investments Inc. grew its position in shares of Calamos Convertible Opportunities and Income Fund by 3.2% during the fourth quarter. Harbour Investments Inc. now owns 179,486 shares of the company’s stock worth $1,859,000 after acquiring an additional 5,484 shares during the last quarter. Nwam LLC purchased a new position in shares of Calamos Convertible Opportunities and Income Fund during the fourth quarter worth approximately $107,000. Baird Financial Group Inc. grew its position in shares of Calamos Convertible Opportunities and Income Fund by 12.9% during the fourth quarter. Baird Financial Group Inc. now owns 429,360 shares of the company’s stock worth $4,448,000 after acquiring an additional 48,937 shares during the last quarter. Finally, Citadel Advisors LLC grew its position in shares of Calamos Convertible Opportunities and Income Fund by 45.6% during the fourth quarter. Citadel Advisors LLC now owns 18,186 shares of the company’s stock worth $188,000 after acquiring an additional 5,694 shares during the last quarter.

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.