Short Interest in Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Decreases By 26.6%

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 218,515 shares, a decline of 26.6% from the November 30th total of 297,739 shares. Based on an average daily trading volume, of 184,337 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 184,337 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in CHI. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Calamos Convertible Opportunities and Income Fund by 11.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 109,828 shares of the company’s stock valued at $1,053,000 after buying an additional 10,957 shares during the period. Comerica Bank lifted its holdings in Calamos Convertible Opportunities and Income Fund by 319.6% in the first quarter. Comerica Bank now owns 26,395 shares of the company’s stock worth $253,000 after acquiring an additional 20,105 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Calamos Convertible Opportunities and Income Fund by 6.8% in the first quarter. Baird Financial Group Inc. now owns 501,632 shares of the company’s stock valued at $4,811,000 after acquiring an additional 32,057 shares during the period. Calton & Associates Inc. bought a new position in shares of Calamos Convertible Opportunities and Income Fund during the first quarter valued at approximately $140,000. Finally, Jane Street Group LLC acquired a new stake in shares of Calamos Convertible Opportunities and Income Fund during the 1st quarter worth approximately $97,000.

Calamos Convertible Opportunities and Income Fund Stock Performance

Shares of Calamos Convertible Opportunities and Income Fund stock opened at $10.82 on Monday. The business has a 50-day moving average of $10.90 and a 200-day moving average of $10.65. Calamos Convertible Opportunities and Income Fund has a 1-year low of $8.41 and a 1-year high of $12.21.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 9th. Shareholders of record on Tuesday, December 30th will be issued a dividend of $0.095 per share. The ex-dividend date is Tuesday, December 30th. This represents a c) annualized dividend and a yield of 10.5%.

Calamos Convertible Opportunities and Income Fund Company Profile

Calamos Convertible Opportunities and Income Fund (NASDAQ: CHI) is a diversified, closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund primarily invests in convertible securities, including convertible bonds and preferred stocks, as well as high-yield debt instruments and equity securities. By blending income-generating instruments with the capital-appreciation potential of convertibles, CHI aims to provide investors with a balanced risk-return profile.

The fund pursues its investment strategy through fundamental research and active security selection, targeting issuers across various sectors and geographies.