Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Short Interest Down 11.0% in August

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 358,600 shares, a decrease of 11.0% from the August 15th total of 403,000 shares. Based on an average daily volume of 141,800 shares, the days-to-cover ratio is currently 2.5 days.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new position in shares of Calamos Convertible Opportunities and Income Fund in the 2nd quarter worth about $955,000. Creekside Partners purchased a new position in Calamos Convertible Opportunities and Income Fund in the 2nd quarter worth approximately $1,443,000. Northwestern Mutual Wealth Management Co. lifted its position in Calamos Convertible Opportunities and Income Fund by 9.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 90,870 shares of the company’s stock valued at $1,058,000 after acquiring an additional 7,542 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Calamos Convertible Opportunities and Income Fund by 7.4% in the 2nd quarter. D.A. Davidson & CO. now owns 904,653 shares of the company’s stock worth $10,530,000 after purchasing an additional 62,650 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Calamos Convertible Opportunities and Income Fund by 4.8% in the second quarter. Commonwealth Equity Services LLC now owns 634,976 shares of the company’s stock worth $7,391,000 after purchasing an additional 29,062 shares during the last quarter.

Calamos Convertible Opportunities and Income Fund Stock Performance

CHI traded up $0.17 on Tuesday, hitting $11.45. The company had a trading volume of 112,216 shares, compared to its average volume of 165,092. The stock has a fifty day simple moving average of $11.43 and a 200-day simple moving average of $11.35. Calamos Convertible Opportunities and Income Fund has a 52-week low of $9.70 and a 52-week high of $12.11.

Calamos Convertible Opportunities and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 18th. Investors of record on Friday, September 13th will be paid a $0.095 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.14 annualized dividend and a dividend yield of 9.96%.

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.