Asia stocks edge higher as tech meanders on Nvidia; Hong Kong hit by soft earnings
In a turbulent trading session, Calamos Convertible Opportunities and Income Fund (CHI) stock has hit a 52-week low, dipping to $9.29. According to InvestingPro data, the fund’s RSI indicates oversold territory, while maintaining an impressive 11.99% dividend yield with a 24-year history of consistent payments. The fund, which specializes in convertible securities and aims to provide a steady stream of income, has faced significant headwinds over the past year, with InvestingPro showing a YTD decline of 18.91%. Despite market challenges, the fund maintains strong fundamentals with a current ratio of 5.08 and a P/E ratio of 4.24. Investors have been cautious as the fund navigates through the choppy financial waters, leading to this new low point in its yearly trading range. The current price level presents a stark contrast to its performance over the past 52 weeks, marking a challenging period for the fund’s stakeholders. InvestingPro analysis reveals 5 additional key insights about CHI’s current market position.
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