Short Interest in Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Rises By 61.7%

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 150,500 shares, a growth of 61.7% from the March 15th total of 93,100 shares. Based on an average trading volume of 256,700 shares, the days-to-cover ratio is currently 0.6 days.

Calamos Convertible Opportunities and Income Fund Price Performance

Shares of CHI opened at $9.61 on Friday. Calamos Convertible Opportunities and Income Fund has a one year low of $8.41 and a one year high of $12.33. The stock’s fifty day moving average is $10.10 and its 200-day moving average is $11.18.

Calamos Convertible Opportunities and Income Fund Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 11th will be paid a dividend of $0.095 per share. The ex-dividend date is Friday, April 11th.

Institutional Trading of Calamos Convertible Opportunities and Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in CHI. HighTower Advisors LLC increased its stake in shares of Calamos Convertible Opportunities and Income Fund by 8.2% during the third quarter. HighTower Advisors LLC now owns 51,790 shares of the company’s stock valued at $602,000 after acquiring an additional 3,912 shares during the period. MML Investors Services LLC boosted its stake in Calamos Convertible Opportunities and Income Fund by 18.9% during the 3rd quarter. MML Investors Services LLC now owns 13,853 shares of the company’s stock valued at $161,000 after purchasing an additional 2,205 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Calamos Convertible Opportunities and Income Fund by 5.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 91,751 shares of the company’s stock valued at $1,111,000 after purchasing an additional 5,128 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Calamos Convertible Opportunities and Income Fund in the 3rd quarter worth $47,000. Finally, Legacy Wealth Management LLC MS acquired a new stake in shares of Calamos Convertible Opportunities and Income Fund in the fourth quarter valued at $590,000.

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.