Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.97 and traded as low as $10.66. Calamos Convertible Opportunities and Income Fund shares last traded at $10.73, with a volume of 148,695 shares.

Calamos Convertible Opportunities and Income Fund Trading Down 1.3%

The firm’s 50-day moving average price is $10.97 and its 200 day moving average price is $10.61.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 12th will be paid a $0.095 dividend. The ex-dividend date is Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 10.6%.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. acquired a new stake in Calamos Convertible Opportunities and Income Fund in the 2nd quarter valued at approximately $25,000. Farther Finance Advisors LLC acquired a new position in shares of Calamos Convertible Opportunities and Income Fund during the third quarter valued at $58,000. Ameriflex Group Inc. increased its holdings in shares of Calamos Convertible Opportunities and Income Fund by 146.7% during the third quarter. Ameriflex Group Inc. now owns 7,400 shares of the company’s stock valued at $80,000 after purchasing an additional 4,400 shares during the period. Allworth Financial LP raised its stake in shares of Calamos Convertible Opportunities and Income Fund by 68.6% during the second quarter. Allworth Financial LP now owns 8,935 shares of the company’s stock valued at $94,000 after purchasing an additional 3,635 shares in the last quarter. Finally, CX Institutional acquired a new stake in Calamos Convertible Opportunities and Income Fund in the third quarter worth about $102,000.

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.