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

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

Calamos Convertible and High Income Fund Stock Up 0.1 %

CHY stock traded up $0.01 during mid-day trading on Tuesday, reaching $11.51. The company’s stock had a trading volume of 140,342 shares, compared to its average volume of 243,495. The company’s 50 day moving average is $12.14 and its two-hundred day moving average is $11.82. Calamos Convertible and High Income Fund has a fifty-two week low of $10.77 and a fifty-two week high of $12.59.

Calamos Convertible and High Income Fund Announces Dividend

The company also recently declared 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. The ex-dividend date was Monday, December 30th. This represents a $1.20 annualized dividend and a dividend yield of 10.43%.

Institutional Trading of Calamos Convertible and High Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pacific Wealth Strategies Group Inc. grew its position in Calamos Convertible and High Income Fund by 10.0% in the third quarter. Pacific Wealth Strategies Group Inc. now owns 706,432 shares of the investment management company’s stock worth $8,428,000 after acquiring an additional 64,349 shares during the period. International Assets Investment Management LLC increased 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 acquiring an additional 241,742 shares during the last quarter. Cadent Capital Advisors LLC raised its stake in shares of Calamos Convertible and High Income Fund by 6.8% in the 4th quarter. Cadent Capital Advisors LLC now owns 247,714 shares of the investment management company’s stock valued at $3,007,000 after acquiring an additional 15,856 shares during the period. Burns J W & Co. Inc. NY lifted 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 worth $3,000,000 after acquiring an additional 26,178 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in shares of Calamos Convertible and High Income Fund in the 3rd quarter worth approximately $1,557,000.

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.