Short Interest in Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Declines By 13.4%

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 186,500 shares, a drop of 13.4% from the November 15th total of 215,300 shares. Based on an average trading volume of 129,400 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

A number of institutional investors have recently bought and sold shares of CHI. D.A. Davidson & CO. lifted its stake in shares of Calamos Convertible Opportunities and Income Fund by 7.4% in the 2nd quarter. D.A. Davidson & CO. now owns 904,653 shares of the company’s stock valued at $10,530,000 after purchasing an additional 62,650 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Calamos Convertible Opportunities and Income Fund by 4.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 634,976 shares of the company’s stock valued at $7,391,000 after acquiring an additional 29,062 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Calamos Convertible Opportunities and Income Fund by 4.0% in the 3rd quarter. Lindbrook Capital LLC now owns 283,978 shares of the company’s stock worth $3,305,000 after acquiring an additional 10,891 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Calamos Convertible Opportunities and Income Fund by 0.9% in the 2nd quarter. Apollon Wealth Management LLC now owns 247,527 shares of the company’s stock worth $2,881,000 after acquiring an additional 2,240 shares during the last quarter. Finally, Marathon Strategic Advisors LLC boosted its position in shares of Calamos Convertible Opportunities and Income Fund by 2.9% during the 3rd quarter. Marathon Strategic Advisors LLC now owns 193,126 shares of the company’s stock worth $2,248,000 after purchasing an additional 5,377 shares during the period.

Calamos Convertible Opportunities and Income Fund Stock Performance

Shares of NASDAQ:CHI remained flat at $12.09 during midday trading on Monday. 119,299 shares of the stock traded hands, compared to its average volume of 156,357. The business’s 50-day moving average is $11.87 and its 200 day moving average is $11.64. Calamos Convertible Opportunities and Income Fund has a 12-month low of $10.01 and a 12-month high of $12.33.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 13th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, December 13th.

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.