Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Shares Pass Below 50 Day Moving Average – What’s Next?

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.84 and traded as low as $10.05. Calamos Convertible Opportunities and Income Fund shares last traded at $10.11, with a volume of 214,858 shares changing hands.

Calamos Convertible Opportunities and Income Fund Trading Down 1.1 %

The firm has a 50-day simple moving average of $10.84 and a two-hundred day simple moving average of $11.45.

Calamos Convertible Opportunities and Income Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 13th were paid a $0.095 dividend. The ex-dividend date of this dividend was Thursday, March 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Total Wealth Planning & Management Inc. acquired a new stake in shares of Calamos Convertible Opportunities and Income Fund during the 4th quarter worth $903,000. Ameriflex Group Inc. acquired a new stake in Calamos Convertible Opportunities and Income Fund during the fourth quarter worth about $78,000. Baird Financial Group Inc. increased its holdings in Calamos Convertible Opportunities and Income Fund by 3.0% in the 4th quarter. Baird Financial Group Inc. now owns 469,575 shares of the company’s stock valued at $5,607,000 after buying an additional 13,764 shares during the period. Bank of America Corp DE raised its position in shares of Calamos Convertible Opportunities and Income Fund by 4.1% in the 4th quarter. Bank of America Corp DE now owns 1,370,133 shares of the company’s stock valued at $16,359,000 after buying an additional 54,114 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Calamos Convertible Opportunities and Income Fund during the 4th quarter worth approximately $127,000.

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.