Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Stock Price Passes Below Fifty Day Moving Average of $11.13

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.13 and traded as low as $10.69. Calamos Convertible Opportunities and Income Fund shares last traded at $10.81, with a volume of 303,840 shares trading hands.

Calamos Convertible Opportunities and Income Fund Stock Performance

The firm’s 50-day simple moving average is $11.13 and its 200 day simple moving average is $10.63.

Calamos Convertible Opportunities and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.14 annualized dividend and a yield of 10.55%.

Institutional Trading of Calamos Convertible Opportunities and Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of CHI. Wells Fargo & Company MN grew its stake in shares of Calamos Convertible Opportunities and Income Fund by 13.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,415,190 shares of the company’s stock worth $14,661,000 after buying an additional 170,398 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Calamos Convertible Opportunities and Income Fund by 3,183.6% during the third quarter. Captrust Financial Advisors now owns 112,396 shares of the company’s stock worth $1,086,000 after buying an additional 108,973 shares during the last quarter. LPL Financial LLC grew its stake in shares of Calamos Convertible Opportunities and Income Fund by 23.3% during the second quarter. LPL Financial LLC now owns 561,476 shares of the company’s stock worth $6,019,000 after buying an additional 105,978 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Calamos Convertible Opportunities and Income Fund by 48.3% during the third quarter. Royal Bank of Canada now owns 284,734 shares of the company’s stock worth $3,001,000 after buying an additional 92,743 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Calamos Convertible Opportunities and Income Fund by 9.6% during the first quarter. Bank of America Corp DE now owns 982,360 shares of the company’s stock worth $10,334,000 after buying an additional 86,040 shares during 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.