Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.84 and traded as low as $10.05. Calamos Convertible Opportunities and Income Fund shares last traded at $10.11, with a volume of 214,858 shares.

Calamos Convertible Opportunities and Income Fund Trading Down 0.9 %

The firm has a fifty day moving average price of $10.78 and a 200 day moving average price of $11.43.

Calamos Convertible Opportunities and Income Fund Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Thursday, March 13th.

Institutional Investors Weigh In On Calamos Convertible Opportunities and Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHI. Wilmington Savings Fund Society FSB acquired a new stake in shares of Calamos Convertible Opportunities and Income Fund during the 3rd quarter worth about $47,000. Larson Financial Group LLC increased its position in shares of Calamos Convertible Opportunities and Income Fund by 11,441.0% during the third quarter. Larson Financial Group LLC now owns 4,501 shares of the company’s stock valued at $52,000 after acquiring an additional 4,462 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Calamos Convertible Opportunities and Income Fund in the 4th quarter valued at approximately $68,000. Ameriflex Group Inc. acquired a new position in shares of Calamos Convertible Opportunities and Income Fund in the 4th quarter worth approximately $78,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Calamos Convertible Opportunities and Income Fund during the 4th quarter worth approximately $113,000.

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.