Calamos Convertible and High Income Fund (NASDAQ:CHY) Sees Significant Increase in Short Interest

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 179,000 shares, an increase of 18.6% from the October 15th total of 150,900 shares. Based on an average trading volume of 142,000 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

Several hedge funds have recently made changes to their positions in CHY. Commonwealth Equity Services LLC grew its stake in shares of Calamos Convertible and High Income Fund by 1.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 161,865 shares of the investment management company’s stock worth $1,806,000 after purchasing an additional 2,751 shares during the period. Sykon Capital LLC purchased a new stake in shares of Calamos Convertible and High Income Fund during the 2nd quarter worth about $190,000. Larson Financial Group LLC purchased a new stake in shares of Calamos Convertible and High Income Fund during the 2nd quarter worth about $33,000. Cambridge Investment Research Advisors Inc. grew its position in shares of Calamos Convertible and High Income Fund by 23.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 98,290 shares of the investment management company’s stock valued at $1,097,000 after acquiring an additional 18,831 shares during the period. Finally, Wolverine Asset Management LLC purchased a new position in shares of Calamos Convertible and High Income Fund in the 2nd quarter valued at about $290,000.

Calamos Convertible and High Income Fund Trading Down 0.9 %

NASDAQ CHY traded down $0.11 during trading hours on Friday, hitting $11.95. 134,575 shares of the company were exchanged, compared to its average volume of 147,949. Calamos Convertible and High Income Fund has a 52 week low of $10.77 and a 52 week high of $12.38. The stock has a 50-day moving average price of $11.99 and a 200 day moving average price of $11.54.

Calamos Convertible and High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.04%. The ex-dividend date is Wednesday, November 13th.

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.