Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Share Price Passes Below 50-Day Moving Average of $11.15

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.15 and traded as low as $10.98. Calamos Convertible Opportunities and Income Fund shares last traded at $11.07, with a volume of 154,441 shares traded.

Calamos Convertible Opportunities and Income Fund Price Performance

The business’s 50-day moving average price is $11.15 and its 200-day moving average price is $10.62.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 12th will be given a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a yield of 10.30%. The ex-dividend date is Thursday, April 11th.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

A number of large investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its position in Calamos Convertible Opportunities and Income Fund by 2.1% during the fourth quarter. UBS Group AG now owns 1,532,465 shares of the company’s stock worth $15,876,000 after acquiring an additional 31,556 shares during the period. Morgan Stanley raised its position in Calamos Convertible Opportunities and Income Fund by 1.9% during the fourth quarter. Morgan Stanley now owns 1,417,518 shares of the company’s stock worth $14,898,000 after acquiring an additional 26,529 shares during the period. Wells Fargo & Company MN raised its position in Calamos Convertible Opportunities and Income Fund by 13.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,415,190 shares of the company’s stock worth $14,661,000 after acquiring an additional 170,398 shares during the period. Advisors Asset Management Inc. raised its position in Calamos Convertible Opportunities and Income Fund by 3.3% during the first quarter. Advisors Asset Management Inc. now owns 1,075,027 shares of the company’s stock worth $14,191,000 after acquiring an additional 34,564 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Calamos Convertible Opportunities and Income Fund by 3.0% during the first quarter. Bank of America Corp DE now owns 989,957 shares of the company’s stock worth $13,078,000 after buying an additional 29,175 shares in the last quarter.

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.