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

Shares of 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 $10.84 and traded as low as $10.05. Calamos Convertible Opportunities and Income Fund shares last traded at $10.11, with a volume of 214,858 shares traded.

Calamos Convertible Opportunities and Income Fund Price Performance

The company’s 50 day moving average is $10.84 and its 200 day moving average is $11.45.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 13th were paid a $0.095 dividend. The ex-dividend date of this dividend was Thursday, March 13th.

Hedge Funds Weigh In On Calamos Convertible Opportunities and Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in shares of Calamos Convertible Opportunities and Income Fund by 2.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,772,538 shares of the company’s stock worth $21,164,000 after purchasing an additional 47,099 shares during the last quarter. Bank of America Corp DE boosted its position in Calamos Convertible Opportunities and Income Fund by 4.1% during the 4th quarter. Bank of America Corp DE now owns 1,370,133 shares of the company’s stock worth $16,359,000 after buying an additional 54,114 shares during the period. D.A. Davidson & CO. grew its holdings in Calamos Convertible Opportunities and Income Fund by 2.1% during the 4th quarter. D.A. Davidson & CO. now owns 909,857 shares of the company’s stock worth $10,864,000 after acquiring an additional 18,416 shares during the last quarter. Guggenheim Capital LLC increased its position in Calamos Convertible Opportunities and Income Fund by 19.1% in the 4th quarter. Guggenheim Capital LLC now owns 761,670 shares of the company’s stock valued at $9,094,000 after acquiring an additional 121,982 shares during the period. Finally, Baird Financial Group Inc. raised its stake in shares of Calamos Convertible Opportunities and Income Fund by 3.0% during the fourth quarter. Baird Financial Group Inc. now owns 469,575 shares of the company’s stock valued at $5,607,000 after acquiring an additional 13,764 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.