Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI – Get Free Report) declared a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be given a dividend of $0.0950 per share on Friday, November 20th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Friday, November 13th.
Calamos Convertible Opportunities and Income Fund Trading Down 1.8%
Shares of NASDAQ:CHI opened at $10.71 on Tuesday. Calamos Convertible Opportunities and Income Fund has a 1 year low of $10.26 and a 1 year high of $13.50. The business has a fifty day simple moving average of $11.87 and a 200 day simple moving average of $12.05.
Insider Transactions at Calamos Convertible Opportunities and Income Fund
In other Calamos Convertible Opportunities and Income Fund news, major shareholder Metlife Investment Management, acquired 345,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $8,625,000.00. Following the completion of the acquisition, the insider owned 112,000 shares of the company’s stock, valued at approximately $2,800,000. This trade represents a -148.07% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of CHI. Integrated Wealth Concepts LLC bought a new stake in shares of Calamos Convertible Opportunities and Income Fund during the second quarter worth $62,000. Continuum Advisory LLC bought a new position in shares of Calamos Convertible Opportunities and Income Fund in the second quarter valued at about $144,000. Farther Finance Advisors LLC lifted its position in Calamos Convertible Opportunities and Income Fund by 155.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 13,640 shares of the company’s stock worth $183,000 after buying an additional 8,300 shares in the last quarter. Axxcess Wealth Management LLC acquired a new position in Calamos Convertible Opportunities and Income Fund during the 3rd quarter worth about $157,000. Finally, Money Concepts Capital Corp bought a new stake in Calamos Convertible Opportunities and Income Fund during the 1st quarter worth about $148,000.
Calamos Convertible Opportunities and Income Fund Company Profile
Calamos Convertible Opportunities and Income Fund (NASDAQ: CHI) is a closed-end investment company managed by Calamos Advisors LLC, an affiliate of Calamos Investments. The fund seeks to provide current income and total return through a portfolio that combines convertible securities with income-producing investments.
The fund primarily invests in convertible bonds and preferred securities, which may offer the potential for equity participation while retaining characteristics of fixed-income instruments.
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