Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Short Interest Down 26.6% in December

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 218,515 shares, a decline of 26.6% from the November 30th total of 297,739 shares. Based on an average daily trading volume, of 184,337 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily trading volume, of 184,337 shares, the days-to-cover ratio is currently 1.2 days.

Calamos Convertible Opportunities and Income Fund Stock Performance

Shares of NASDAQ:CHI opened at $10.75 on Tuesday. Calamos Convertible Opportunities and Income Fund has a 52 week low of $8.41 and a 52 week high of $12.20. The company’s fifty day moving average is $10.90 and its 200-day moving average is $10.66.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 9th. Investors of record on Tuesday, December 30th will be given a dividend of $0.095 per share. The ex-dividend date is Tuesday, December 30th. This represents a c) dividend on an annualized basis and a yield of 10.6%.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

Several institutional investors have recently bought and sold shares of CHI. GHP Investment Advisors Inc. bought a new stake in shares of Calamos Convertible Opportunities and Income Fund during the second quarter worth $25,000. Farther Finance Advisors LLC bought a new position in shares of Calamos Convertible Opportunities and Income Fund in the third quarter valued at about $58,000. Ameriflex Group Inc. lifted its position in Calamos Convertible Opportunities and Income Fund by 146.7% during the 3rd quarter. Ameriflex Group Inc. now owns 7,400 shares of the company’s stock worth $80,000 after buying an additional 4,400 shares in the last quarter. Allworth Financial LP grew its holdings in Calamos Convertible Opportunities and Income Fund by 68.6% during the 2nd quarter. Allworth Financial LP now owns 8,935 shares of the company’s stock worth $94,000 after acquiring an additional 3,635 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Calamos Convertible Opportunities and Income Fund during the 1st quarter worth about $97,000.

About Calamos Convertible Opportunities and Income Fund

Calamos Convertible Opportunities and Income Fund (NASDAQ: CHI) is a diversified, closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund primarily invests in convertible securities, including convertible bonds and preferred stocks, as well as high-yield debt instruments and equity securities. By blending income-generating instruments with the capital-appreciation potential of convertibles, CHI aims to provide investors with a balanced risk-return profile.

The fund pursues its investment strategy through fundamental research and active security selection, targeting issuers across various sectors and geographies.