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

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.89 and traded as low as $11.45. Calamos Convertible Opportunities and Income Fund shares last traded at $11.49, with a volume of 135,172 shares trading hands.

Calamos Convertible Opportunities and Income Fund Trading Down 0.4 %

The stock has a 50-day simple moving average of $11.89 and a 200 day simple moving average of $11.67.

Calamos Convertible Opportunities and Income Fund Announces Dividend

The company also recently announced a dividend, which was paid on Friday, January 10th. Investors of record on Monday, December 30th were given a dividend of $0.095 per share. The ex-dividend date was Monday, December 30th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CHI. Wilmington Savings Fund Society FSB acquired a new stake in Calamos Convertible Opportunities and Income Fund in the 3rd quarter valued at $47,000. US Bancorp DE increased its stake in shares of Calamos Convertible Opportunities and Income Fund by 1,997.6% in the third quarter. US Bancorp DE now owns 4,300 shares of the company’s stock worth $50,000 after buying an additional 4,095 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Calamos Convertible Opportunities and Income Fund by 11,441.0% during the third quarter. Larson Financial Group LLC now owns 4,501 shares of the company’s stock worth $52,000 after purchasing an additional 4,462 shares during the last quarter. Cornerstone Advisors LLC acquired a new position in shares of Calamos Convertible Opportunities and Income Fund in the 3rd quarter worth approximately $143,000. Finally, MML Investors Services LLC boosted its holdings in Calamos Convertible Opportunities and Income Fund by 18.9% in the third quarter. MML Investors Services LLC now owns 13,853 shares of the company’s stock worth $161,000 after purchasing an additional 2,205 shares during the period.

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.