Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Sees Large Decline in Short Interest

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 197,181 shares, a decrease of 41.9% from the April 30th total of 339,126 shares. Based on an average trading volume of 176,106 shares, the short-interest ratio is currently 1.1 days.

Calamos Convertible Opportunities and Income Fund Stock Performance

NASDAQ CHI traded up $0.06 during trading hours on Tuesday, hitting $12.85. The company had a trading volume of 193,906 shares, compared to its average volume of 193,456. Calamos Convertible Opportunities and Income Fund has a 1-year low of $10.00 and a 1-year high of $12.81. The business has a 50 day moving average of $11.86 and a 200-day moving average of $11.34.

Calamos Convertible Opportunities and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 12th will be paid a $0.095 dividend. This represents a c) annualized dividend and a yield of 8.9%. The ex-dividend date is Friday, June 12th.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

Large investors have recently bought and sold shares of the stock. CWM LLC acquired a new position in Calamos Convertible Opportunities and Income Fund in the fourth quarter valued at $38,000. Ameriflex Group Inc. boosted its stake in Calamos Convertible Opportunities and Income Fund by 146.7% in the third quarter. Ameriflex Group Inc. now owns 7,400 shares of the company’s stock valued at $80,000 after acquiring an additional 4,400 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Calamos Convertible Opportunities and Income Fund in the fourth quarter valued at $93,000. Flagship Harbor Advisors LLC acquired a new position in Calamos Convertible Opportunities and Income Fund in the fourth quarter valued at $101,000. Finally, Jane Street Group LLC acquired a new position in Calamos Convertible Opportunities and Income Fund in the first quarter valued at $97,000.

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.