Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Shares Pass Below 50 Day Moving Average – Here’s What Happened

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.44 and traded as low as $10.27. Calamos Convertible Opportunities and Income Fund shares last traded at $10.30, with a volume of 205,823 shares trading hands.

Calamos Convertible Opportunities and Income Fund Stock Performance

The firm has a 50 day simple moving average of $11.41 and a two-hundred day simple moving average of $11.59.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, February 21st. Investors of record on Thursday, February 13th were paid a $0.095 dividend. The ex-dividend date of this dividend was Thursday, February 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Calamos Convertible Opportunities and Income Fund during the 3rd quarter valued at $47,000. US Bancorp DE increased its stake in shares of Calamos Convertible Opportunities and Income Fund by 1,997.6% in the third quarter. US Bancorp DE now owns 4,300 shares of the company’s stock valued at $50,000 after buying an additional 4,095 shares during the period. Larson Financial Group LLC raised its holdings in Calamos Convertible Opportunities and Income Fund by 11,441.0% in the 3rd quarter. Larson Financial Group LLC now owns 4,501 shares of the company’s stock valued at $52,000 after buying an additional 4,462 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Calamos Convertible Opportunities and Income Fund during the 4th quarter worth approximately $68,000. Finally, Ameriflex Group Inc. acquired a new position in Calamos Convertible Opportunities and Income Fund in the 4th quarter valued at approximately $78,000.

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.