Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Trading Up 1% Following Dividend Announcement

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) was up 1% during trading on Thursday after the company announced a dividend. The stock traded as high as $10.94 and last traded at $10.90. Approximately 273,684 shares traded hands during trading, an increase of 23% from the average daily volume of 222,086 shares. The stock had previously closed at $10.79.

The newly announced dividend which will be paid on Tuesday, October 21st. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.095 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%.

Calamos Convertible Opportunities and Income Fund Stock Performance

The stock’s 50 day moving average price is $10.49 and its 200-day moving average price is $10.21.

Institutional Investors Weigh In On Calamos Convertible Opportunities and Income Fund

Institutional investors have recently bought and sold shares of the company. GHP Investment Advisors Inc. acquired a new stake in Calamos Convertible Opportunities and Income Fund in the second quarter valued at approximately $25,000. Mascoma Wealth Management LLC acquired a new stake in Calamos Convertible Opportunities and Income Fund in the first quarter valued at approximately $29,000. NBC Securities Inc. boosted its stake in Calamos Convertible Opportunities and Income Fund by 110,225.0% in the first quarter. NBC Securities Inc. now owns 4,413 shares of the company’s stock valued at $42,000 after acquiring an additional 4,409 shares in the last quarter. Allworth Financial LP boosted its stake in Calamos Convertible Opportunities and Income Fund by 68.6% in the second quarter. Allworth Financial LP now owns 8,935 shares of the company’s stock valued at $94,000 after acquiring an additional 3,635 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Calamos Convertible Opportunities and Income Fund in the first quarter valued at approximately $97,000.

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.