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

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Calamos Convertible Opportunities and Income Fund (NASDAQ:CHIGet Rating) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 235,600 shares, an increase of 182.5% from the April 15th total of 83,400 shares. Based on an average trading volume of 205,200 shares, the short-interest ratio is currently 1.1 days.

NASDAQ CHI opened at $11.29 on Thursday. Calamos Convertible Opportunities and Income Fund has a 12 month low of $11.15 and a 12 month high of $16.44. The stock’s fifty day moving average price is $12.70 and its 200-day moving average price is $14.02.

The business also recently announced a monthly dividend, which will be paid on Friday, May 20th. Stockholders of record on Friday, May 13th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 10.10%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Calamos Convertible Opportunities and Income Fund during the first quarter valued at $42,000. Ahrens Investment Partners LLC purchased a new stake in shares of Calamos Convertible Opportunities and Income Fund during the fourth quarter valued at $52,000. Destiny Wealth Partners LLC purchased a new stake in shares of Calamos Convertible Opportunities and Income Fund during the first quarter valued at $59,000. Tcwp LLC purchased a new stake in shares of Calamos Convertible Opportunities and Income Fund during the first quarter valued at $79,000. Finally, Lindbrook Capital LLC purchased a new stake in shares of Calamos Convertible Opportunities and Income Fund during the fourth quarter valued at $156,000.

Calamos Convertible Opportunities and Income Fund Company Profile (Get Rating)

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.

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