CALAMOS CONV. OPPTYS. & INCOME FUND (NASDAQ:CHI) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $9.51 and last traded at $9.56, with a volume of 7894 shares trading hands. The stock had previously closed at $9.65.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 10.23%. The ex-dividend date of this dividend is Thursday, December 13th.
Large investors have recently made changes to their positions in the business. Baird Financial Group Inc. raised its stake in shares of CALAMOS CONV. OPPTYS. & INCOME FUND by 58.7% in the third quarter. Baird Financial Group Inc. now owns 307,778 shares of the company’s stock worth $3,767,000 after purchasing an additional 113,809 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of CALAMOS CONV. OPPTYS. & INCOME FUND by 20.9% in the third quarter. Commonwealth Equity Services LLC now owns 641,513 shares of the company’s stock worth $7,723,000 after purchasing an additional 110,907 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new position in shares of CALAMOS CONV. OPPTYS. & INCOME FUND in the third quarter worth $476,000. Mutual Advisors LLC purchased a new position in shares of CALAMOS CONV. OPPTYS. & INCOME FUND in the second quarter worth $455,000. Finally, Castle Rock Wealth Management LLC purchased a new position in shares of CALAMOS CONV. OPPTYS. & INCOME FUND in the second quarter worth $343,000.
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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.
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