Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.95 and traded as high as $11.22. Calamos Convertible Opportunities and Income Fund shares last traded at $11.19, with a volume of 119,771 shares.

Calamos Convertible Opportunities and Income Fund Trading Up 0.2%

The firm’s 50-day moving average price is $10.95 and its two-hundred day moving average price is $10.53.

Calamos Convertible Opportunities and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 14th will be paid a dividend of $0.095 per share. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date is Friday, November 14th.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

Several institutional investors have recently bought and sold shares of CHI. Financial Advocates Investment Management lifted its stake in shares of Calamos Convertible Opportunities and Income Fund by 4.2% in the 2nd 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. SAM Advisors LLC raised its holdings in Calamos Convertible Opportunities and Income Fund by 2.6% during the first quarter. SAM Advisors LLC now owns 42,398 shares of the company’s stock worth $407,000 after purchasing an additional 1,066 shares in the last quarter. Wealth Effects LLC lifted its position in Calamos Convertible Opportunities and Income Fund by 6.3% in the third quarter. Wealth Effects LLC now owns 18,006 shares of the company’s stock valued at $194,000 after purchasing an additional 1,074 shares during the period. Stratos Wealth Partners LTD. lifted its position in Calamos Convertible Opportunities and Income Fund by 4.2% in the third quarter. Stratos Wealth Partners LTD. now owns 30,242 shares of the company’s stock valued at $326,000 after purchasing an additional 1,218 shares during the period. Finally, Sigma Planning Corp boosted its holdings in Calamos Convertible Opportunities and Income Fund by 2.6% in the 1st quarter. Sigma Planning Corp now owns 60,334 shares of the company’s stock valued at $579,000 after purchasing an additional 1,539 shares in the last quarter.

Calamos Convertible Opportunities and Income Fund Company Profile

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.