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

Calamos Convertible and High Income Fund (NASDAQ:CHY) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 54,100 shares, a drop of 68.4% from the February 29th total of 171,300 shares. Based on an average daily volume of 132,000 shares, the days-to-cover ratio is presently 0.4 days.

Calamos Convertible and High Income Fund Trading Down 0.4 %

Shares of NASDAQ:CHY traded down $0.05 during trading on Thursday, hitting $11.81. The stock had a trading volume of 245,168 shares, compared to its average volume of 131,672. Calamos Convertible and High Income Fund has a 12-month low of $9.97 and a 12-month high of $12.16. The stock has a 50-day simple moving average of $11.88 and a two-hundred day simple moving average of $11.53.

Calamos Convertible and High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 14th were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.16%. The ex-dividend date was Wednesday, March 13th.

Institutional Trading of Calamos Convertible and High Income Fund

Institutional investors have recently made changes to their positions in the company. Creekmur Asset Management LLC acquired a new position in Calamos Convertible and High Income Fund during the fourth quarter worth $27,000. FMR LLC purchased a new stake in Calamos Convertible and High Income Fund in the first quarter valued at $36,000. JPMorgan Chase & Co. raised its holdings in shares of Calamos Convertible and High Income Fund by 5,606.1% in the 1st quarter. JPMorgan Chase & Co. now owns 3,766 shares of the investment management company’s stock valued at $41,000 after buying an additional 3,700 shares during the period. Money Concepts Capital Corp purchased a new stake in shares of Calamos Convertible and High Income Fund in the 4th quarter valued at $43,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Calamos Convertible and High Income Fund by 74.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,183 shares of the investment management company’s stock valued at $48,000 after buying an additional 1,789 shares during the period.

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.