Short Interest in Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Grows By 61.7%

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 150,500 shares, an increase of 61.7% from the March 15th total of 93,100 shares. Based on an average daily volume of 256,700 shares, the days-to-cover ratio is presently 0.6 days.

Calamos Convertible Opportunities and Income Fund Stock Performance

CHI traded up $0.19 during trading on Thursday, reaching $9.62. 178,185 shares of the company were exchanged, compared to its average volume of 179,576. Calamos Convertible Opportunities and Income Fund has a 12-month low of $8.41 and a 12-month high of $12.33. The company’s 50-day moving average is $10.13 and its two-hundred day moving average is $11.19.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 11th will be given a $0.095 dividend. The ex-dividend date of this dividend is Friday, April 11th.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

Several hedge funds have recently bought and sold shares of the company. Financial Advocates Investment Management grew its position in shares of Calamos Convertible Opportunities and Income Fund by 4.0% during the 4th quarter. Financial Advocates Investment Management now owns 26,299 shares of the company’s stock valued at $314,000 after purchasing an additional 1,004 shares in the last quarter. Kovack Advisors Inc. grew its position in Calamos Convertible Opportunities and Income Fund by 14.3% during the fourth quarter. Kovack Advisors Inc. now owns 12,392 shares of the company’s stock worth $148,000 after buying an additional 1,555 shares in the last quarter. IHT Wealth Management LLC increased its stake in Calamos Convertible Opportunities and Income Fund by 4.9% in the 4th quarter. IHT Wealth Management LLC now owns 40,680 shares of the company’s stock worth $486,000 after acquiring an additional 1,900 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Calamos Convertible Opportunities and Income Fund by 18.9% in the 3rd quarter. MML Investors Services LLC now owns 13,853 shares of the company’s stock valued at $161,000 after acquiring an additional 2,205 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Calamos Convertible Opportunities and Income Fund by 8.2% during the 3rd quarter. HighTower Advisors LLC now owns 51,790 shares of the company’s stock valued at $602,000 after acquiring an additional 3,912 shares during the last quarter.

About Calamos Convertible Opportunities and Income Fund

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.