Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Short Interest Update

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 90,400 shares, a decrease of 22.1% from the February 13th total of 116,000 shares. Based on an average trading volume of 189,100 shares, the days-to-cover ratio is presently 0.5 days.

Calamos Convertible Opportunities and Income Fund Price Performance

Shares of Calamos Convertible Opportunities and Income Fund stock remained flat at $10.07 during mid-day trading on Wednesday. The company’s stock had a trading volume of 69,221 shares, compared to its average volume of 163,517. The company has a fifty day moving average price of $10.97 and a 200-day moving average price of $11.49. Calamos Convertible Opportunities and Income Fund has a fifty-two week low of $9.85 and a fifty-two week high of $12.33.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.095 per share. The ex-dividend date is Thursday, March 13th.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

A number of hedge funds have recently made changes to their positions in CHI. Raymond James Financial Inc. acquired a new position in shares of Calamos Convertible Opportunities and Income Fund during the fourth quarter valued at approximately $4,086,000. Guggenheim Capital LLC increased its holdings in shares of Calamos Convertible Opportunities and Income Fund by 19.1% in the fourth quarter. Guggenheim Capital LLC now owns 761,670 shares of the company’s stock valued at $9,094,000 after purchasing an additional 121,982 shares during the last quarter. Grange Capital LLC acquired a new stake in shares of Calamos Convertible Opportunities and Income Fund in the fourth quarter valued at approximately $942,000. Total Wealth Planning & Management Inc. acquired a new stake in shares of Calamos Convertible Opportunities and Income Fund in the fourth quarter valued at approximately $903,000. Finally, Creekside Partners increased its holdings in shares of Calamos Convertible Opportunities and Income Fund by 47.1% in the third quarter. Creekside Partners now owns 182,422 shares of the company’s stock valued at $2,123,000 after purchasing an additional 58,431 shares during the last quarter.

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.