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

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 54,100 shares, a decline of 68.4% from the February 29th total of 171,300 shares. Based on an average trading volume of 132,000 shares, the days-to-cover ratio is currently 0.4 days.

Calamos Convertible and High Income Fund Trading Down 0.4 %

NASDAQ:CHY traded down $0.05 during midday trading on Thursday, reaching $11.81. 245,168 shares of the company traded hands, compared to its average volume of 131,672. Calamos Convertible and High Income Fund has a twelve month low of $9.97 and a twelve month high of $12.16. The company has a fifty day moving average price of $11.88 and a 200 day moving average price of $11.53.

Calamos Convertible and High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 14th were given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.16%. The ex-dividend date was Wednesday, March 13th.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Creekmur Asset Management LLC acquired a new position in Calamos Convertible and High Income Fund during the fourth quarter valued at $27,000. FMR LLC acquired a new position in Calamos Convertible and High Income Fund in the 1st quarter worth about $36,000. JPMorgan Chase & Co. increased its position in Calamos Convertible and High Income Fund by 5,606.1% in the 1st quarter. JPMorgan Chase & Co. now owns 3,766 shares of the investment management company’s stock worth $41,000 after purchasing an additional 3,700 shares during the last quarter. Money Concepts Capital Corp acquired a new position in Calamos Convertible and High Income Fund in the 4th quarter worth about $43,000. Finally, Steward Partners Investment Advisory LLC increased its position in Calamos Convertible and High Income Fund by 74.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,183 shares of the investment management company’s stock worth $48,000 after purchasing an additional 1,789 shares during the last quarter.

About Calamos Convertible and High Income Fund

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.