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

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

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

Large investors have recently made changes to their positions in the business. Blue Trust Inc. acquired a new stake in shares of Calamos Convertible and High Income Fund during the fourth quarter worth $36,000. Golden State Wealth Management LLC purchased a new stake in Calamos Convertible and High Income Fund during the 4th quarter valued at about $39,000. US Bancorp DE acquired a new position in shares of Calamos Convertible and High Income Fund in the third quarter valued at about $42,000. Quad Cities Investment Group LLC purchased a new position in shares of Calamos Convertible and High Income Fund in the third quarter worth about $119,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Calamos Convertible and High Income Fund by 233.3% during the third quarter. Larson Financial Group LLC now owns 10,000 shares of the investment management company’s stock worth $119,000 after purchasing an additional 7,000 shares during the period.

Calamos Convertible and High Income Fund Price Performance

Shares of NASDAQ:CHY traded up $0.18 during trading on Thursday, hitting $11.39. The company had a trading volume of 211,970 shares, compared to its average volume of 268,004. The company has a fifty day simple moving average of $11.96 and a two-hundred day simple moving average of $11.83. Calamos Convertible and High Income Fund has a one year low of $10.77 and a one year high of $12.59.

Calamos Convertible and High Income Fund Announces Dividend

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

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.