Short Interest in Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Decreases By 44.8%

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 116,000 shares, a drop of 44.8% from the January 31st total of 210,100 shares. Based on an average daily volume of 168,500 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Total Wealth Planning & Management Inc. acquired a new position in Calamos Convertible Opportunities and Income Fund during the fourth quarter worth $903,000. Ameriflex Group Inc. acquired a new position in Calamos Convertible Opportunities and Income Fund during the fourth quarter worth $78,000. Baird Financial Group Inc. increased its holdings in Calamos Convertible Opportunities and Income Fund by 3.0% during the fourth quarter. Baird Financial Group Inc. now owns 469,575 shares of the company’s stock worth $5,607,000 after buying an additional 13,764 shares during the last quarter. Bank of America Corp DE increased its holdings in Calamos Convertible Opportunities and Income Fund by 4.1% during the fourth quarter. Bank of America Corp DE now owns 1,370,133 shares of the company’s stock worth $16,359,000 after buying an additional 54,114 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Calamos Convertible Opportunities and Income Fund during the fourth quarter worth $127,000.

Calamos Convertible Opportunities and Income Fund Price Performance

Shares of NASDAQ CHI traded down $0.02 during midday trading on Monday, reaching $10.28. The company’s stock had a trading volume of 295,052 shares, compared to its average volume of 197,344. Calamos Convertible Opportunities and Income Fund has a fifty-two week low of $10.16 and a fifty-two week high of $12.33. The stock has a 50 day simple moving average of $11.41 and a 200-day simple moving average of $11.60.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, February 21st. Investors of record on Thursday, February 13th were issued a dividend of $0.095 per share. The ex-dividend date was Thursday, February 13th.

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.