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

Calamos Convertible and High Income Fund (NASDAQ:CHY) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 124,900 shares, a growth of 56.9% from the November 30th total of 79,600 shares. Based on an average trading volume of 147,200 shares, the days-to-cover ratio is presently 0.8 days.

Calamos Convertible and High Income Fund Trading Down 1.1 %

NASDAQ:CHY opened at $12.17 on Monday. The business’s 50-day simple moving average is $12.17 and its 200-day simple moving average is $11.76. 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 business also recently declared a monthly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 9.86%. The ex-dividend date of this dividend is Monday, December 30th.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Several large investors have recently made changes to their positions in CHY. Atomi Financial Group Inc. boosted its position in shares of Calamos Convertible and High Income Fund by 24.9% during the second quarter. Atomi Financial Group Inc. now owns 18,590 shares of the investment management company’s stock worth $207,000 after buying an additional 3,711 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Calamos Convertible and High Income Fund by 23.7% in 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 in the last quarter. Concurrent Investment Advisors LLC acquired a new position in Calamos Convertible and High Income Fund during the 2nd quarter worth approximately $235,000. 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 acquiring an additional 2,751 shares in the last quarter. Finally, Verus Capital Partners LLC raised its holdings in shares of Calamos Convertible and High Income Fund by 22.5% in the second quarter. Verus Capital Partners LLC now owns 15,893 shares of the investment management company’s stock valued at $177,000 after purchasing an additional 2,914 shares during the last quarter.

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.