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

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 282,093 shares, a growth of 24.4% from the January 15th total of 226,762 shares. Based on an average daily volume of 187,563 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 187,563 shares, the short-interest ratio is presently 1.5 days.

Calamos Convertible Opportunities and Income Fund Price Performance

Shares of NASDAQ CHI opened at $11.69 on Monday. The business’s 50 day moving average price is $11.02 and its two-hundred day moving average price is $10.84. Calamos Convertible Opportunities and Income Fund has a twelve month low of $8.41 and a twelve month high of $11.70.

Calamos Convertible Opportunities and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 23rd. Investors of record on Friday, February 13th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. acquired a new position in Calamos Convertible Opportunities and Income Fund in the 2nd quarter valued at $228,000. Hilltop Partners LLC bought a new stake in shares of Calamos Convertible Opportunities and Income Fund in the second quarter valued at about $193,000. Baird Financial Group Inc. boosted its position in shares of Calamos Convertible Opportunities and Income Fund by 6.1% in the second quarter. Baird Financial Group Inc. now owns 532,450 shares of the company’s stock valued at $5,601,000 after acquiring an additional 30,818 shares during the period. CW Advisors LLC acquired a new position in shares of Calamos Convertible Opportunities and Income Fund in the second quarter valued at about $347,000. Finally, Financial Advocates Investment Management increased its position in Calamos Convertible Opportunities and Income Fund by 4.2% during the second quarter. Financial Advocates Investment Management now owns 26,625 shares of the company’s stock worth $280,000 after acquiring an additional 1,063 shares during the period.

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.