Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Sees Large Decline in Short Interest

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 197,181 shares, a decline of 41.9% from the April 30th total of 339,126 shares. Based on an average trading volume of 176,106 shares, the short-interest ratio is presently 1.1 days.

Calamos Convertible Opportunities and Income Fund Stock Performance

Shares of CHI stock traded up $0.06 on Tuesday, reaching $12.85. 193,906 shares of the stock were exchanged, compared to its average volume of 193,456. The business’s 50 day moving average price is $11.86 and its 200 day moving average price is $11.34. Calamos Convertible Opportunities and Income Fund has a twelve month low of $10.00 and a twelve month high of $12.81.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 12th will be issued a dividend of $0.095 per share. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend is Friday, June 12th.

Institutional Trading of Calamos Convertible Opportunities and Income Fund

Institutional investors have recently bought and sold shares of the business. CWM LLC purchased a new stake in Calamos Convertible Opportunities and Income Fund during the 4th quarter worth about $38,000. Ameriflex Group Inc. lifted its holdings 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 during the last quarter. Kestra Advisory Services LLC purchased a new stake in Calamos Convertible Opportunities and Income Fund during the 4th quarter worth about $93,000. Flagship Harbor Advisors LLC purchased a new stake in Calamos Convertible Opportunities and Income Fund during the 4th quarter worth about $101,000. Finally, Jane Street Group LLC purchased a new stake in Calamos Convertible Opportunities and Income Fund during the 1st quarter worth about $97,000.

Calamos Convertible Opportunities and Income Fund Company Profile

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.