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

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.63 and traded as low as $11.19. Calamos Convertible Opportunities and Income Fund shares last traded at $11.24, with a volume of 173,785 shares.

Calamos Convertible Opportunities and Income Fund Stock Down 0.2 %

The firm’s 50 day moving average is $11.63 and its two-hundred day moving average is $11.62.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, February 13th will be given a $0.095 dividend. The ex-dividend date of this dividend is Thursday, February 13th.

Institutional Investors Weigh In On Calamos Convertible Opportunities and Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of CHI. Wealth Effects LLC increased its position in Calamos Convertible Opportunities and Income Fund by 6.2% during the third quarter. Wealth Effects LLC now owns 18,119 shares of the company’s stock worth $211,000 after buying an additional 1,063 shares during the last quarter. Calton & Associates Inc. bought a new stake in Calamos Convertible Opportunities and Income Fund in the 3rd quarter valued at $214,000. TFG Advisers LLC lifted its holdings in Calamos Convertible Opportunities and Income Fund by 8.6% during the 3rd quarter. TFG Advisers LLC now owns 30,334 shares of the company’s stock valued at $353,000 after purchasing an additional 2,413 shares during the last quarter. International Assets Investment Management LLC bought a new position in Calamos Convertible Opportunities and Income Fund during the third quarter worth $9,580,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Calamos Convertible Opportunities and Income Fund by 10.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 48,750 shares of the company’s stock valued at $567,000 after purchasing an additional 4,570 shares during the last quarter.

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.