Calamos Conv. Opptys. & Income Fund (NASDAQ:CHI) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 726,554 shares, a decrease of 35.3% from the January 13th total of 1,123,736 shares. Based on an average daily volume of 337,815 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.1% of the company’s shares are sold short.

In other Calamos Conv. Opptys. & Income Fund news, Director Stephen B. Timbers purchased 10,000 shares of the stock in a transaction dated Monday, November 21st. The stock was acquired at an average cost of $9.84 per share, for a total transaction of $98,400.00. Following the acquisition, the director now owns 14,000 shares in the company, valued at approximately $137,760. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John P. Sr Calamos, Sr. sold 25,737 shares of the stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $10.47, for a total value of $269,466.39. The disclosure for this sale can be found here.

Calamos Conv. Opptys. & Income Fund (NASDAQ:CHI) opened at 10.90 on Friday. The stock’s 50 day moving average price is $10.65 and its 200-day moving average price is $10.28. Calamos Conv. Opptys. & Income Fund has a 12-month low of $8.37 and a 12-month high of $11.36.

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About Calamos Conv. Opptys. & Income Fund

Calamos Convertible Opportunities and Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund is an enhanced fixed income offering that seeks total return through a combination of capital appreciation and current income. The Fund invests in a diversified portfolio of convertible securities and high yield securities.

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