Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Stock Crosses Below 50 Day Moving Average – Here’s Why

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.75 and traded as low as $11.37. Calamos Convertible Opportunities and Income Fund shares last traded at $11.43, with a volume of 135,721 shares.

Calamos Convertible Opportunities and Income Fund Trading Up 0.4 %

The company’s 50-day simple moving average is $11.75 and its 200 day simple moving average is $11.63.

Calamos Convertible Opportunities and Income Fund Announces Dividend

The company also recently announced a dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were paid a $0.095 dividend. The ex-dividend date was Monday, December 30th.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

A number of large investors have recently made changes to their positions in CHI. D.A. Davidson & CO. boosted its position in shares of Calamos Convertible Opportunities and Income Fund by 2.1% in the 4th quarter. D.A. Davidson & CO. now owns 909,857 shares of the company’s stock worth $10,864,000 after purchasing an additional 18,416 shares in the last quarter. Lindbrook Capital LLC raised its stake in Calamos Convertible Opportunities and Income Fund by 4.0% in the third quarter. Lindbrook Capital LLC now owns 283,978 shares of the company’s stock valued at $3,305,000 after buying an additional 10,891 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in Calamos Convertible Opportunities and Income Fund by 1.8% in the fourth quarter. Apollon Wealth Management LLC now owns 249,903 shares of the company’s stock worth $2,984,000 after acquiring an additional 4,485 shares in the last quarter. Marathon Strategic Advisors LLC grew its stake in shares of Calamos Convertible Opportunities and Income Fund by 2.9% during the fourth quarter. Marathon Strategic Advisors LLC now owns 198,658 shares of the company’s stock worth $2,372,000 after acquiring an additional 5,532 shares during the last quarter. Finally, Creekside Partners grew its stake in shares of Calamos Convertible Opportunities and Income Fund by 47.1% during the third quarter. Creekside Partners now owns 182,422 shares of the company’s stock worth $2,123,000 after acquiring 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.