Calamos Convertible and High Income Fund (NASDAQ:CHY) Short Interest Update

Calamos Convertible and High Income Fund (NASDAQ:CHY) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 309,100 shares, a growth of 147.5% from the December 15th total of 124,900 shares. Based on an average daily volume of 153,200 shares, the days-to-cover ratio is currently 2.0 days.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

A number of hedge funds have recently bought and sold shares of CHY. US Bancorp DE bought a new stake in Calamos Convertible and High Income Fund during the third quarter worth $42,000. Quad Cities Investment Group LLC bought a new stake in shares of Calamos Convertible and High Income Fund during the 3rd quarter worth $119,000. Larson Financial Group LLC raised its stake in shares of Calamos Convertible and High Income Fund by 233.3% during the 3rd quarter. Larson Financial Group LLC now owns 10,000 shares of the investment management company’s stock worth $119,000 after purchasing an additional 7,000 shares during the period. Insigneo Advisory Services LLC purchased a new position in shares of Calamos Convertible and High Income Fund in the 2nd quarter worth about $125,000. Finally, Sanctuary Advisors LLC bought a new position in Calamos Convertible and High Income Fund during the second quarter valued at about $128,000.

Calamos Convertible and High Income Fund Stock Up 1.8 %

Shares of NASDAQ CHY traded up $0.21 during mid-day trading on Wednesday, reaching $11.69. 125,441 shares of the company’s stock traded hands, compared to its average volume of 233,127. Calamos Convertible and High Income Fund has a 1-year low of $10.77 and a 1-year high of $12.59. The business has a 50-day simple moving average of $12.13 and a 200 day simple moving average of $11.82.

Calamos Convertible and High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, January 10th. Stockholders of record on Monday, December 30th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.27%.

About Calamos Convertible and High Income Fund

Calamos Convertible and High 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.