CALAMOS CONV. OPPTYS. & INCOME FUND (NASDAQ:CHI) Shares Pass Below Fifty Day Moving Average of $10.32

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CALAMOS CONV. OPPTYS. & INCOME FUND (NASDAQ:CHI)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.32 and traded as low as $10.30. CALAMOS CONV. OPPTYS. & INCOME FUND shares last traded at $10.32, with a volume of 1,400 shares.

The company also recently announced a monthly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 14th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.96 dividend on an annualized basis and a yield of 9.28%.

Several hedge funds have recently modified their holdings of CHI. Belpointe Asset Management LLC purchased a new stake in shares of CALAMOS CONV. OPPTYS. & INCOME FUND during the first quarter worth about $120,000. Princeton Global Asset Management LLC purchased a new stake in shares of CALAMOS CONV. OPPTYS. & INCOME FUND during the first quarter worth about $49,000. Meridian Wealth Management LLC purchased a new stake in shares of CALAMOS CONV. OPPTYS. & INCOME FUND during the first quarter worth about $47,000. Finally, WealthPLAN Partners LLC grew its stake in shares of CALAMOS CONV. OPPTYS. & INCOME FUND by 14.8% during the first quarter. WealthPLAN Partners LLC now owns 29,884 shares of the company’s stock worth $313,000 after acquiring an additional 3,860 shares during the last quarter.

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CALAMOS CONV. OPPTYS. & INCOME FUND Company Profile (NASDAQ:CHI)

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.

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