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

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the recipient of a large growth in short interest during 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 short-interest ratio is presently 2.0 days.

Institutional Trading of Calamos Convertible and High Income Fund

Several institutional investors and hedge funds have recently modified their holdings of CHY. Pacific Wealth Strategies Group Inc. raised its stake in Calamos Convertible and High Income Fund by 2.8% in the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 726,109 shares of the investment management company’s stock worth $8,815,000 after buying an additional 19,677 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Calamos Convertible and High Income Fund by 1,115.4% during the third quarter. International Assets Investment Management LLC now owns 263,415 shares of the investment management company’s stock valued at $31,430,000 after buying an additional 241,742 shares during the last quarter. Cadent Capital Advisors LLC lifted its position in shares of Calamos Convertible and High Income Fund by 6.8% during the fourth quarter. Cadent Capital Advisors LLC now owns 247,714 shares of the investment management company’s stock valued at $3,007,000 after buying an additional 15,856 shares during the last quarter. Burns J W & Co. Inc. NY boosted its holdings in shares of Calamos Convertible and High Income Fund by 11.8% in the 4th quarter. Burns J W & Co. Inc. NY now owns 247,096 shares of the investment management company’s stock valued at $3,000,000 after buying an additional 26,178 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC grew its holdings in 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 worth $2,869,000 after purchasing an additional 1,547 shares during the last quarter.

Calamos Convertible and High Income Fund Stock Up 0.5 %

Shares of CHY traded up $0.06 during trading hours on Friday, reaching $11.45. 48,391 shares of the company traded hands, compared to its average volume of 256,328. Calamos Convertible and High Income Fund has a 12-month low of $10.77 and a 12-month high of $12.59. The stock’s fifty day moving average price is $11.96 and its 200 day moving average price is $11.83.

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 given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend 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.