Short Interest in Calamos Convertible and High Income Fund (NASDAQ:CHY) Increases By 147.5%

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

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Financial Advocates Investment Management boosted its stake in Calamos Convertible and High Income Fund by 4.0% in the fourth 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 during the last quarter. Sanctuary Advisors LLC boosted its position in shares of Calamos Convertible and High Income Fund by 11.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 12,546 shares of the investment management company’s stock worth $155,000 after purchasing an additional 1,250 shares during the last quarter. Dumont & Blake Investment Advisors LLC grew its stake in shares of Calamos Convertible and High Income Fund by 0.7% during 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 period. Atomi Financial Group Inc. increased its holdings in Calamos Convertible and High Income Fund by 9.7% in the fourth quarter. Atomi Financial Group Inc. now owns 20,455 shares of the investment management company’s stock valued at $248,000 after purchasing an additional 1,802 shares during the last quarter. Finally, Sheets Smith Wealth Management lifted its stake in Calamos Convertible and High Income Fund by 8.5% in the third 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 during the period.

Calamos Convertible and High Income Fund Price Performance

Shares of CHY traded down $0.08 during mid-day trading on Wednesday, hitting $11.15. 79,107 shares of the company traded hands, compared to its average volume of 266,504. The business has a 50-day moving average of $12.00 and a 200 day moving average of $11.84. Calamos Convertible and High Income Fund has a one year low of $10.77 and a one year high of $12.59.

Calamos Convertible and High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were given a $0.10 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.20 dividend on an annualized basis and a yield of 10.76%.

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.