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 recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 309,100 shares, a growth of 147.5% from the December 31st total of 124,900 shares. Based on an average trading volume of 153,200 shares, the days-to-cover ratio is presently 2.0 days.

Calamos Convertible and High Income Fund Trading Up 1.6 %

Shares of CHY traded up $0.18 during mid-day trading on Thursday, reaching $11.39. The company’s stock had a trading volume of 211,970 shares, compared to its average volume of 268,004. Calamos Convertible and High Income Fund has a 52 week low of $10.77 and a 52 week high of $12.59. The company’s fifty day moving average price is $11.96 and its two-hundred day moving average price is $11.83.

Calamos Convertible and High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 10th. Investors of record on Monday, December 30th were paid a $0.10 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.20 annualized dividend and a dividend yield of 10.54%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in shares of Calamos Convertible and High Income Fund by 22.5% during the second quarter. NewEdge Advisors LLC now owns 111,072 shares of the investment management company’s stock valued at $1,240,000 after purchasing an additional 20,417 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Calamos Convertible and High Income Fund during the 2nd quarter valued at about $128,000. Burns J W & Co. Inc. NY lifted its stake in shares of Calamos Convertible and High Income Fund by 17.5% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 220,918 shares of the investment management company’s stock worth $2,636,000 after purchasing an additional 32,900 shares during the period. SeaCrest Wealth Management LLC purchased a new position in shares of Calamos Convertible and High Income Fund in the third quarter worth approximately $142,000. Finally, Quad Cities Investment Group LLC purchased a new stake in shares of Calamos Convertible and High Income Fund in the 3rd quarter worth $119,000.

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.