Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.97 and traded as low as $10.66. Calamos Convertible Opportunities and Income Fund shares last traded at $10.73, with a volume of 148,695 shares trading hands.

Calamos Convertible Opportunities and Income Fund Trading Down 1.3%

The company has a 50 day moving average of $10.97 and a 200 day moving average of $10.61.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 12th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a c) annualized dividend and a yield of 10.6%.

Institutional Investors Weigh In On Calamos Convertible Opportunities and Income Fund

Large investors have recently modified their holdings of the company. Institute for Wealth Management LLC. boosted its position in shares of Calamos Convertible Opportunities and Income Fund by 10.4% in the 2nd quarter. Institute for Wealth Management LLC. now owns 59,294 shares of the company’s stock valued at $624,000 after purchasing an additional 5,605 shares during the period. Novem Group purchased a new position in shares of Calamos Convertible Opportunities and Income Fund during the second quarter worth approximately $186,000. Capital CS Group LLC acquired a new position in shares of Calamos Convertible Opportunities and Income Fund in the 2nd quarter valued at $265,000. Sunpointe LLC acquired a new position in shares of Calamos Convertible Opportunities and Income Fund in the 2nd quarter valued at $187,000. Finally, Legacy Wealth Management LLC MS boosted its stake in Calamos Convertible Opportunities and Income Fund by 72.0% during the 2nd quarter. Legacy Wealth Management LLC MS now owns 22,877 shares of the company’s stock worth $241,000 after purchasing an additional 9,575 shares during the period.

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.