Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Sees Significant Drop in Short Interest

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 197,181 shares, a decrease of 41.9% from the April 30th total of 339,126 shares. Based on an average trading volume of 176,106 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

Several hedge funds have recently bought and sold shares of CHI. CWM LLC bought a new stake in Calamos Convertible Opportunities and Income Fund during the fourth quarter valued at $38,000. Ameriflex Group Inc. raised its holdings in shares of Calamos Convertible Opportunities and Income Fund by 146.7% in the 3rd quarter. Ameriflex Group Inc. now owns 7,400 shares of the company’s stock valued at $80,000 after acquiring an additional 4,400 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Calamos Convertible Opportunities and Income Fund during the 4th quarter valued at about $93,000. Jane Street Group LLC purchased a new position in shares of Calamos Convertible Opportunities and Income Fund during the first quarter worth about $97,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Calamos Convertible Opportunities and Income Fund in the fourth quarter worth approximately $101,000.

Calamos Convertible Opportunities and Income Fund Price Performance

Shares of NASDAQ CHI traded up $0.01 during mid-day trading on Thursday, hitting $12.74. The company had a trading volume of 18,007 shares, compared to its average volume of 190,656. Calamos Convertible Opportunities and Income Fund has a 1 year low of $10.00 and a 1 year high of $12.90. The stock’s 50-day moving average price is $11.93 and its 200-day moving average price is $11.36.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 12th will be issued a $0.095 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend is Friday, June 12th.

Calamos Convertible Opportunities and Income Fund Company Profile

Calamos Convertible Opportunities and Income Fund (NASDAQ: CHI) is a diversified, closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund primarily invests in convertible securities, including convertible bonds and preferred stocks, as well as high-yield debt instruments and equity securities. By blending income-generating instruments with the capital-appreciation potential of convertibles, CHI aims to provide investors with a balanced risk-return profile.

The fund pursues its investment strategy through fundamental research and active security selection, targeting issuers across various sectors and geographies.