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

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 161,000 shares, an increase of 44.8% from the January 31st total of 111,200 shares. Based on an average daily volume of 209,500 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Calamos Convertible and High Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHY. Burns J W & Co. Inc. NY increased its holdings in shares of Calamos Convertible and High Income Fund by 11.8% in the fourth 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 purchasing an additional 26,178 shares during the period. Morse Asset Management Inc acquired a new position in Calamos Convertible and High Income Fund in the 3rd quarter valued at $1,557,000. Legacy Wealth Management LLC MS purchased a new position in Calamos Convertible and High Income Fund during the 3rd quarter worth $551,000. Sanctuary Advisors LLC raised its position in Calamos Convertible and High Income Fund by 11.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 12,546 shares of the investment management company’s stock worth $155,000 after buying an additional 1,250 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of Calamos Convertible and High Income Fund by 69.9% in the 3rd quarter. MML Investors Services LLC now owns 22,564 shares of the investment management company’s stock worth $269,000 after acquiring an additional 9,280 shares during the period.

Calamos Convertible and High Income Fund Trading Up 0.5 %

Calamos Convertible and High Income Fund stock traded up $0.05 during midday trading on Tuesday, hitting $10.74. 237,390 shares of the company’s stock were exchanged, compared to its average volume of 262,083. The firm’s 50 day simple moving average is $11.49 and its 200 day simple moving average is $11.81. Calamos Convertible and High Income Fund has a 12-month low of $10.60 and a 12-month high of $12.59.

Calamos Convertible and High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 21st. Investors of record on Thursday, February 13th were given a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 11.17%. The ex-dividend date of this dividend was Thursday, February 13th.

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.