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

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

Calamos Convertible and High Income Fund Stock Performance

CHY traded up $0.01 during trading on Tuesday, reaching $11.51. 140,342 shares of the company’s stock were exchanged, compared to its average volume of 243,495. The company’s fifty day simple moving average is $12.14 and its 200-day simple moving average is $11.82. Calamos Convertible and High Income Fund has a 1 year low of $10.77 and a 1 year high of $12.59.

Calamos Convertible and High Income Fund Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 10.43%.

Institutional Trading of Calamos Convertible and High Income Fund

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

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.