Short Interest in Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Declines By 16.9%

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 362,260 shares, a decrease of 16.9% from the March 31st total of 435,791 shares. Based on an average trading volume of 242,756 shares, the short-interest ratio is currently 1.5 days.

Institutional Investors Weigh In On Calamos Convertible Opportunities and Income Fund

Hedge funds have recently modified their holdings of the company. CWM LLC acquired a new stake in Calamos Convertible Opportunities and Income Fund in the 4th quarter valued at about $38,000. Farther Finance Advisors LLC acquired a new position in shares of Calamos Convertible Opportunities and Income Fund during the 3rd quarter worth approximately $58,000. Ameriflex Group Inc. boosted its holdings in shares of 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 purchasing an additional 4,400 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Calamos Convertible Opportunities and Income Fund during the 4th quarter worth approximately $93,000. Finally, Jane Street Group LLC acquired a new position in shares of Calamos Convertible Opportunities and Income Fund during the 1st quarter worth approximately $97,000.

Calamos Convertible Opportunities and Income Fund Price Performance

CHI traded up $0.05 during midday trading on Friday, hitting $12.23. 104,640 shares of the company were exchanged, compared to its average volume of 198,016. The company’s 50 day simple moving average is $11.44 and its 200 day simple moving average is $11.17. Calamos Convertible Opportunities and Income Fund has a 1-year low of $10.00 and a 1-year high of $12.25.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 14th were paid a dividend of $0.095 per share. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend was Tuesday, April 14th.

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.