Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Share Price Crosses Below 50 Day Moving Average – What’s Next?

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 traded.

Calamos Convertible Opportunities and Income Fund Price Performance

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

Calamos Convertible Opportunities and Income Fund Announces Dividend

The business also recently announced a dividend, which was paid on Friday, February 21st. Stockholders of record on Thursday, February 13th were issued a $0.095 dividend. The ex-dividend date of this dividend was Thursday, February 13th.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

Several hedge funds have recently modified their holdings of CHI. Wilmington Savings Fund Society FSB purchased a new position in shares of Calamos Convertible Opportunities and Income Fund in the third quarter worth $47,000. US Bancorp DE increased its holdings 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 worth $50,000 after purchasing an additional 4,095 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Calamos Convertible Opportunities and Income Fund by 11,441.0% in the third quarter. Larson Financial Group LLC now owns 4,501 shares of the company’s stock worth $52,000 after buying an additional 4,462 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Calamos Convertible Opportunities and Income Fund during the 4th quarter valued at approximately $68,000. Finally, Ameriflex Group Inc. bought a new stake in Calamos Convertible Opportunities and Income Fund in the 4th quarter worth approximately $78,000.

Calamos Convertible Opportunities and Income Fund Company Profile

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.