Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Stock Passes Above 50 Day Moving Average – Time to Sell?

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 changing hands.

Calamos Convertible Opportunities and Income Fund Price Performance

The stock’s fifty day moving average is $10.95 and its 200-day moving average 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. Stockholders of record on Friday, November 14th will be given a dividend of $0.095 per share. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend is Friday, November 14th.

Institutional Trading of Calamos Convertible Opportunities and Income Fund

Several institutional investors have recently added to or reduced their stakes in CHI. Bank of America Corp DE boosted its position in shares of Calamos Convertible Opportunities and Income Fund by 54.5% during the second quarter. Bank of America Corp DE now owns 2,284,573 shares of the company’s stock worth $24,034,000 after buying an additional 806,294 shares during the period. D.A. Davidson & CO. boosted its position in Calamos Convertible Opportunities and Income Fund by 4.1% in the 3rd quarter. D.A. Davidson & CO. now owns 1,024,381 shares of the company’s stock valued at $11,053,000 after buying an additional 40,738 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Calamos Convertible Opportunities and Income Fund by 14.5% in the second quarter. Ameriprise Financial Inc. now owns 599,272 shares of the company’s stock valued at $6,304,000 after acquiring an additional 75,989 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Calamos Convertible Opportunities and Income Fund by 6.1% in the 2nd quarter. Baird Financial Group Inc. now owns 532,450 shares of the company’s stock valued at $5,601,000 after buying an additional 30,818 shares during the period. Finally, Avantax Advisory Services Inc. increased its stake in shares of Calamos Convertible Opportunities and Income Fund by 4.3% during the first quarter. Avantax Advisory Services Inc. now owns 354,679 shares of the company’s stock worth $3,401,000 after buying an additional 14,780 shares during the period.

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.