Short Interest in CALAMOS CONV. OPPTYS. & INCOME FUND (CHI) Drops By 32.4%

CALAMOS CONV. OPPTYS. & INCOME FUND (NASDAQ:CHI) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 469,071 shares, a drop of 32.4% from the September 28th total of 693,803 shares. Based on an average daily volume of 698,630 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.7% of the company’s shares are sold short.

Several large investors have recently added to or reduced their stakes in CHI. Dearborn Partners LLC bought a new stake in shares of CALAMOS CONV. OPPTYS. & INCOME FUND in the 3rd quarter valued at $238,000. Castle Rock Wealth Management LLC bought a new stake in shares of CALAMOS CONV. OPPTYS. & INCOME FUND in the 2nd quarter valued at $343,000. Mutual Advisors LLC bought a new stake in shares of CALAMOS CONV. OPPTYS. & INCOME FUND in the 2nd quarter valued at $455,000. Atlantic Trust Group LLC increased its stake in shares of CALAMOS CONV. OPPTYS. & INCOME FUND by 2,927.8% in the 1st quarter. Atlantic Trust Group LLC now owns 54,500 shares of the company’s stock valued at $605,000 after acquiring an additional 52,700 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of CALAMOS CONV. OPPTYS. & INCOME FUND in the 1st quarter valued at $1,049,000.

NASDAQ:CHI opened at $10.03 on Monday. CALAMOS CONV. OPPTYS. & INCOME FUND has a twelve month low of $9.93 and a twelve month high of $12.94.



The business also recently disclosed a monthly dividend, which was paid on Friday, October 19th. Stockholders of record on Friday, October 12th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, October 11th. This represents a $0.96 annualized dividend and a dividend yield of 9.57%.

CALAMOS CONV. OPPTYS. & 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.

Featured Story: How to Invest in Growth Stocks

Receive News & Ratings for CALAMOS CONV. OPPTYS. & INCOME FUND Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CALAMOS CONV. OPPTYS. & INCOME FUND and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply