Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Short Interest Down 15.5% in October

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 235,500 shares, a drop of 15.5% from the October 15th total of 278,600 shares. Based on an average daily volume of 130,200 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Trading of Calamos Convertible Opportunities and Income Fund

Large investors have recently made changes to their positions in the company. US Bancorp DE grew its stake in Calamos Convertible Opportunities and Income Fund by 1,997.6% in the 3rd quarter. US Bancorp DE now owns 4,300 shares of the company’s stock valued at $50,000 after purchasing an additional 4,095 shares during the period. Larson Financial Group LLC grew its holdings in shares of Calamos Convertible Opportunities and Income Fund by 11,441.0% during the 3rd quarter. Larson Financial Group LLC now owns 4,501 shares of the company’s stock valued at $52,000 after purchasing an additional 4,462 shares during the last quarter. Cornerstone Advisors LLC purchased a new position in shares of Calamos Convertible Opportunities and Income Fund in the third quarter worth about $143,000. MML Investors Services LLC boosted its holdings 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 acquiring an additional 2,205 shares during the period. Finally, Monetary Management Group Inc. increased its stake in shares of Calamos Convertible Opportunities and Income Fund by 50.0% in the second quarter. Monetary Management Group Inc. now owns 15,000 shares of the company’s stock worth $175,000 after buying an additional 5,000 shares during the period.

Calamos Convertible Opportunities and Income Fund Stock Down 0.6 %

Calamos Convertible Opportunities and Income Fund stock traded down $0.07 during mid-day trading on Friday, hitting $11.69. 112,079 shares of the stock were exchanged, compared to its average volume of 159,280. The firm’s fifty day simple moving average is $11.66 and its two-hundred day simple moving average is $11.52. Calamos Convertible Opportunities and Income Fund has a 12 month low of $9.70 and a 12 month high of $12.11.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.095 per share. The ex-dividend date is Wednesday, November 13th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 9.75%.

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.