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

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the target of 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 daily trading volume, of 147,200 shares, the days-to-cover ratio is currently 0.8 days.

Calamos Convertible and High Income Fund Trading Down 1.1 %

Shares of Calamos Convertible and High Income Fund stock opened at $12.17 on Friday. 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 50-day moving average price is $12.17 and its two-hundred day moving average price is $11.76.

Calamos Convertible and High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 9.86%. The ex-dividend date is Monday, December 30th.

Institutional Trading of Calamos Convertible and High Income Fund

A number of large investors have recently added to or reduced their stakes in the business. Legacy Wealth Management LLC MS purchased a new position in Calamos Convertible and High Income Fund in the 3rd quarter worth about $551,000. Sanctuary Advisors LLC boosted its holdings in shares of Calamos Convertible and High Income Fund by 11.1% in the third 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 period. Morse Asset Management Inc purchased a new position in shares of Calamos Convertible and High Income Fund in the third quarter worth approximately $1,557,000. MML Investors Services LLC increased its position in shares of Calamos Convertible and High Income Fund by 69.9% in the third 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 in the last quarter. Finally, Larson Financial Group LLC raised 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 valued at $119,000 after acquiring an additional 7,000 shares during the period.

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.