Short Interest in Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Rises By 89.1%

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 398,400 shares, a growth of 89.1% from the December 31st total of 210,700 shares. Based on an average daily trading volume, of 139,400 shares, the days-to-cover ratio is presently 2.9 days.

Calamos Convertible Opportunities and Income Fund Stock Down 0.4 %

Shares of Calamos Convertible Opportunities and Income Fund stock traded down $0.05 during trading hours on Wednesday, hitting $11.29. 66,310 shares of the company’s stock traded hands, compared to its average volume of 182,653. Calamos Convertible Opportunities and Income Fund has a twelve month low of $10.54 and a twelve month high of $12.33. The stock has a 50 day simple moving average of $11.83 and a 200-day simple moving average of $11.64.

Calamos Convertible Opportunities and Income Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Monday, December 30th.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

Institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Calamos Convertible Opportunities and Income Fund in the third quarter worth $47,000. US Bancorp DE increased its position in shares of Calamos Convertible Opportunities and Income Fund by 1,997.6% in the 3rd quarter. US Bancorp DE now owns 4,300 shares of the company’s stock worth $50,000 after purchasing an additional 4,095 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Calamos Convertible Opportunities and Income Fund by 11,441.0% in the 3rd quarter. Larson Financial Group LLC now owns 4,501 shares of the company’s stock valued at $52,000 after purchasing an additional 4,462 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Calamos Convertible Opportunities and Income Fund during the fourth quarter worth about $68,000. Finally, Cornerstone Advisors LLC acquired a new position in Calamos Convertible Opportunities and Income Fund in the third quarter worth about $143,000.

About Calamos Convertible Opportunities and Income Fund

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.