Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.63 and traded as low as $11.19. Calamos Convertible Opportunities and Income Fund shares last traded at $11.24, with a volume of 173,785 shares changing hands.

Calamos Convertible Opportunities and Income Fund Trading Down 0.2 %

The business has a fifty day moving average price of $11.63 and a 200-day moving average price of $11.62.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, February 13th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Thursday, February 13th.

Institutional Investors Weigh In On Calamos Convertible Opportunities and Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Calamos Convertible Opportunities and Income Fund in the third quarter valued at about $47,000. US Bancorp DE grew its position in shares of Calamos Convertible Opportunities and Income Fund by 1,997.6% during the 3rd quarter. US Bancorp DE now owns 4,300 shares of the company’s stock worth $50,000 after purchasing an additional 4,095 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Calamos Convertible Opportunities and Income Fund by 11,441.0% during the third quarter. Larson Financial Group LLC now owns 4,501 shares of the company’s stock worth $52,000 after purchasing an additional 4,462 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Calamos Convertible Opportunities and Income Fund during the fourth quarter worth approximately $68,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Calamos Convertible Opportunities and Income Fund in the fourth quarter valued at approximately $113,000.

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.