Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Share Price Crosses Below 50 Day Moving Average – What’s Next?

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.44 and traded as low as $10.27. Calamos Convertible Opportunities and Income Fund shares last traded at $10.30, with a volume of 205,823 shares trading hands.

Calamos Convertible Opportunities and Income Fund Stock Performance

The stock has a 50 day simple moving average of $11.41 and a 200-day simple moving average of $11.59.

Calamos Convertible Opportunities and Income Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, February 21st. Stockholders of record on Thursday, February 13th were paid a dividend of $0.095 per share. The ex-dividend date was Thursday, February 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CHI. Wilmington Savings Fund Society FSB bought a new position in shares of Calamos Convertible Opportunities and Income Fund in the third quarter worth about $47,000. US Bancorp DE raised 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 period. Larson Financial Group LLC raised its stake in shares of Calamos Convertible Opportunities and Income Fund by 11,441.0% in the third quarter. Larson Financial Group LLC now owns 4,501 shares of the company’s stock worth $52,000 after buying an additional 4,462 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Calamos Convertible Opportunities and Income Fund in the fourth quarter worth about $68,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Calamos Convertible Opportunities and Income Fund in the fourth quarter worth $78,000.

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.