Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Shares Cross Below 50-Day Moving Average – Time to Sell?

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.75 and traded as low as $11.37. Calamos Convertible Opportunities and Income Fund shares last traded at $11.43, with a volume of 135,721 shares trading hands.

Calamos Convertible Opportunities and Income Fund Stock Performance

The business has a 50 day moving average price of $11.75 and a 200 day moving average price of $11.63.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were given a $0.095 dividend. The ex-dividend date was Monday, December 30th.

Institutional Trading of Calamos Convertible Opportunities and Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. grew its stake in Calamos Convertible Opportunities and Income Fund by 2.1% in the fourth quarter. D.A. Davidson & CO. now owns 909,857 shares of the company’s stock worth $10,864,000 after purchasing an additional 18,416 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of Calamos Convertible Opportunities and Income Fund by 4.0% during the 3rd quarter. Lindbrook Capital LLC now owns 283,978 shares of the company’s stock worth $3,305,000 after buying an additional 10,891 shares in the last quarter. Apollon Wealth Management LLC grew its position in shares of Calamos Convertible Opportunities and Income Fund by 1.8% during the 4th quarter. Apollon Wealth Management LLC now owns 249,903 shares of the company’s stock worth $2,984,000 after buying an additional 4,485 shares in the last quarter. Marathon Strategic Advisors LLC increased its stake in shares of Calamos Convertible Opportunities and Income Fund by 2.9% during the fourth quarter. Marathon Strategic Advisors LLC now owns 198,658 shares of the company’s stock valued at $2,372,000 after buying an additional 5,532 shares during the period. Finally, Creekside Partners raised its holdings in shares of Calamos Convertible Opportunities and Income Fund by 47.1% in the third quarter. Creekside Partners now owns 182,422 shares of the company’s stock valued at $2,123,000 after acquiring an additional 58,431 shares in the last quarter.

Calamos Convertible Opportunities and Income Fund Company Profile

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.