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

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the target of a large growth in short interest in the month of 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 trading volume, of 153,200 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Burns J W & Co. Inc. NY grew its holdings in Calamos Convertible and High Income Fund by 11.8% during the fourth quarter. Burns J W & Co. Inc. NY now owns 247,096 shares of the investment management company’s stock worth $3,000,000 after purchasing an additional 26,178 shares during the period. Cadent Capital Advisors LLC increased its holdings in shares of Calamos Convertible and High Income Fund by 6.8% during the 4th quarter. Cadent Capital Advisors LLC now owns 247,714 shares of the investment management company’s stock worth $3,007,000 after acquiring an additional 15,856 shares during the last quarter. Legacy Wealth Management LLC MS bought a new stake in Calamos Convertible and High Income Fund in the 3rd quarter valued at $551,000. Sanctuary Advisors LLC lifted its holdings in Calamos Convertible and High Income Fund by 11.1% during the 3rd 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. Finally, Morse Asset Management Inc bought a new position in Calamos Convertible and High Income Fund during the third quarter worth $1,557,000.

Calamos Convertible and High Income Fund Trading Up 0.3 %

Shares of NASDAQ:CHY traded up $0.04 during trading on Thursday, hitting $11.73. 56,378 shares of the company’s stock traded hands, compared to its average volume of 214,754. The company has a 50-day moving average price of $12.13 and a 200-day moving average price of $11.82. Calamos Convertible and High Income Fund has a 52 week low of $10.77 and a 52 week high of $12.59.

Calamos Convertible and High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 10th. Investors of record on Monday, December 30th were given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 10.23%. 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.