Calamos Convertible and High Income Fund (NASDAQ:CHY) Sees Large Increase in Short Interest

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

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Several institutional investors have recently bought and sold shares of the company. Financial Advocates Investment Management grew its stake in Calamos Convertible and High Income Fund by 4.0% during the 4th quarter. Financial Advocates Investment Management now owns 25,140 shares of the investment management company’s stock valued at $305,000 after acquiring an additional 960 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Calamos Convertible and High Income Fund by 11.1% in the third quarter. Sanctuary Advisors LLC now owns 12,546 shares of the investment management company’s stock valued at $155,000 after purchasing an additional 1,250 shares during the last quarter. Dumont & Blake Investment Advisors LLC increased its holdings in shares of Calamos Convertible and High Income Fund by 0.7% in the fourth quarter. Dumont & Blake Investment Advisors LLC now owns 236,321 shares of the investment management company’s stock valued at $2,869,000 after purchasing an additional 1,547 shares during the last quarter. Atomi Financial Group Inc. lifted its position in Calamos Convertible and High Income Fund by 9.7% during the fourth quarter. Atomi Financial Group Inc. now owns 20,455 shares of the investment management company’s stock worth $248,000 after buying an additional 1,802 shares in the last quarter. Finally, Sheets Smith Wealth Management grew its holdings in Calamos Convertible and High Income Fund by 8.5% in the 3rd quarter. Sheets Smith Wealth Management now owns 26,597 shares of the investment management company’s stock valued at $317,000 after buying an additional 2,085 shares in the last quarter.

Calamos Convertible and High Income Fund Stock Up 0.5 %

CHY stock traded up $0.06 during midday trading on Friday, hitting $11.45. 48,391 shares of the stock traded hands, compared to its average volume of 256,328. The stock’s fifty day simple moving average is $11.96 and its 200-day simple moving average is $11.83. 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 10.48%. The ex-dividend date was Monday, December 30th.

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.