Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Short Interest Update

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 218,515 shares, a decline of 26.6% from the November 30th total of 297,739 shares. Based on an average trading volume of 184,337 shares, the short-interest ratio is currently 1.2 days. Based on an average trading volume of 184,337 shares, the short-interest ratio is currently 1.2 days.

Calamos Convertible Opportunities and Income Fund Price Performance

Shares of CHI traded down $0.06 during mid-day trading on Wednesday, hitting $10.55. 97,229 shares of the company traded hands, compared to its average volume of 216,908. The business has a 50-day moving average of $10.89 and a 200 day moving average of $10.66. Calamos Convertible Opportunities and Income Fund has a one year low of $8.41 and a one year high of $12.16.

Calamos Convertible Opportunities and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 9th. Stockholders of record on Tuesday, December 30th will be given a dividend of $0.095 per share. The ex-dividend date is Tuesday, December 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%.

Institutional Trading of Calamos Convertible Opportunities and Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in Calamos Convertible Opportunities and Income Fund by 11.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 109,828 shares of the company’s stock valued at $1,053,000 after purchasing an additional 10,957 shares during the period. Comerica Bank grew its holdings in Calamos Convertible Opportunities and Income Fund by 319.6% during the 1st quarter. Comerica Bank now owns 26,395 shares of the company’s stock worth $253,000 after acquiring an additional 20,105 shares during the period. Baird Financial Group Inc. raised its position in shares of Calamos Convertible Opportunities and Income Fund by 6.8% during the 1st quarter. Baird Financial Group Inc. now owns 501,632 shares of the company’s stock valued at $4,811,000 after acquiring an additional 32,057 shares during the last quarter. Calton & Associates Inc. acquired a new position in shares of Calamos Convertible Opportunities and Income Fund in the 1st quarter valued at $140,000. Finally, Jane Street Group LLC bought a new position in shares of Calamos Convertible Opportunities and Income Fund in the 1st quarter worth $97,000.

About Calamos Convertible Opportunities and Income Fund

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.