Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.38 and traded as high as $12.15. Calamos Convertible Opportunities and Income Fund shares last traded at $11.98, with a volume of 328,442 shares traded.

Calamos Convertible Opportunities and Income Fund Stock Performance

The stock’s 50-day moving average is $11.38 and its 200-day moving average is $11.12.

Calamos Convertible Opportunities and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, April 21st. Investors of record on Tuesday, April 14th were given a dividend of $0.095 per share. The ex-dividend date was Tuesday, April 14th. This represents a c) dividend on an annualized basis and a yield of 9.5%.

Institutional Trading of Calamos Convertible Opportunities and Income Fund

A number of hedge funds have recently bought and sold shares of the company. KFA Private Wealth Group LLC boosted its position in Calamos Convertible Opportunities and Income Fund by 1.9% during the first quarter. KFA Private Wealth Group LLC now owns 97,732 shares of the company’s stock worth $1,050,000 after acquiring an additional 1,850 shares during the last quarter. Clear Trail Advisors LLC boosted its position in Calamos Convertible Opportunities and Income Fund by 19.0% during the first quarter. Clear Trail Advisors LLC now owns 16,245 shares of the company’s stock worth $174,000 after acquiring an additional 2,596 shares during the last quarter. PMG Family Office LLC boosted its position in Calamos Convertible Opportunities and Income Fund by 3.9% during the first quarter. PMG Family Office LLC now owns 99,052 shares of the company’s stock worth $1,064,000 after acquiring an additional 3,704 shares during the last quarter. Marathon Strategic Advisors LLC boosted its position in Calamos Convertible Opportunities and Income Fund by 4.1% during the first quarter. Marathon Strategic Advisors LLC now owns 288,327 shares of the company’s stock worth $3,097,000 after acquiring an additional 11,401 shares during the last quarter. Finally, Clearwave Capital LLC acquired a new stake in Calamos Convertible Opportunities and Income Fund during the fourth quarter worth approximately $137,000.

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.