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

Calamos Convertible and High Income Fund (NASDAQ:CHY) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 13,700 shares, a decrease of 41.7% from the May 31st total of 23,500 shares. Based on an average daily volume of 168,700 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

Institutional investors have recently modified their holdings of the company. Meridian Wealth Management LLC lifted its stake in Calamos Convertible and High Income Fund by 4.0% in the fourth quarter. Meridian Wealth Management LLC now owns 22,880 shares of the investment management company’s stock worth $262,000 after purchasing an additional 873 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Calamos Convertible and High Income Fund by 1.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 107,376 shares of the investment management company’s stock valued at $1,232,000 after purchasing an additional 1,180 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of Calamos Convertible and High Income Fund by 11.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,649 shares of the investment management company’s stock worth $145,000 after purchasing an additional 1,316 shares during the last quarter. Connectus Wealth LLC boosted its position in Calamos Convertible and High Income Fund by 5.4% during the 4th quarter. Connectus Wealth LLC now owns 31,960 shares of the investment management company’s stock valued at $367,000 after buying an additional 1,650 shares during the period. Finally, L.M. Kohn & Company grew its holdings in Calamos Convertible and High Income Fund by 13.1% in the 1st quarter. L.M. Kohn & Company now owns 16,374 shares of the investment management company’s stock worth $193,000 after acquiring an additional 1,900 shares during the last quarter.

Calamos Convertible and High Income Fund Stock Performance

Shares of Calamos Convertible and High Income Fund stock traded up $0.05 on Friday, hitting $11.16. 103,357 shares of the company traded hands, compared to its average volume of 148,850. Calamos Convertible and High Income Fund has a 12-month low of $10.73 and a 12-month high of $12.16. The firm’s 50-day simple moving average is $11.19 and its 200 day simple moving average is $11.50.

Calamos Convertible and High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, June 14th were paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 10.75%. The ex-dividend date of this dividend was Friday, June 14th.

Calamos Convertible and High Income Fund Company Profile

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.