Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Sees Large Drop in Short Interest

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 215,300 shares, a decline of 8.6% from the October 31st total of 235,500 shares. Based on an average daily volume of 130,900 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On Calamos Convertible Opportunities and Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creekside Partners purchased a new stake in Calamos Convertible Opportunities and Income Fund in the second quarter worth about $1,443,000. Sanctuary Advisors LLC purchased a new stake in shares of Calamos Convertible Opportunities and Income Fund in the 2nd quarter worth approximately $955,000. International Assets Investment Management LLC bought a new position in shares of Calamos Convertible Opportunities and Income Fund during the third quarter valued at approximately $9,580,000. D.A. Davidson & CO. boosted its stake in shares of Calamos Convertible Opportunities and Income Fund by 7.4% during the second quarter. D.A. Davidson & CO. now owns 904,653 shares of the company’s stock valued at $10,530,000 after purchasing an additional 62,650 shares in the last quarter. Finally, Patten Group Inc. purchased a new position in Calamos Convertible Opportunities and Income Fund during the second quarter valued at approximately $676,000.

Calamos Convertible Opportunities and Income Fund Stock Performance

NASDAQ:CHI traded up $0.08 during midday trading on Wednesday, hitting $12.07. 24,438 shares of the company traded hands, compared to its average volume of 156,889. Calamos Convertible Opportunities and Income Fund has a 12-month low of $9.70 and a 12-month high of $12.19. The firm’s fifty day moving average is $11.78 and its 200-day moving average is $11.60.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were issued a $0.095 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.14 annualized dividend and a dividend yield of 9.44%.

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.