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

Calamos Convertible and High Income Fund Stock Performance

NASDAQ CHY traded up $0.04 during trading on Thursday, reaching $11.73. The company’s stock had a trading volume of 56,378 shares, compared to its average volume of 214,754. The firm has a 50 day moving average price of $12.13 and a 200 day moving average price of $11.82. Calamos Convertible and High Income Fund has a 12 month low of $10.77 and a 12 month high of $12.59.

Calamos Convertible and High Income Fund Announces Dividend

The business also recently declared 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. This represents a $1.20 dividend on an annualized basis and a yield of 10.23%. The ex-dividend date was Monday, December 30th.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

A number of hedge funds have recently added to or reduced their stakes in CHY. US Bancorp DE acquired a new position in Calamos Convertible and High Income Fund in the third quarter valued at about $42,000. Quad Cities Investment Group LLC acquired a new stake in shares of Calamos Convertible and High Income Fund during the 3rd quarter worth approximately $119,000. Larson Financial Group LLC increased its stake in Calamos Convertible and High Income Fund by 233.3% in 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 last quarter. Insigneo Advisory Services LLC bought a new position in Calamos Convertible and High Income Fund in the second quarter valued at approximately $125,000. Finally, Sanctuary Advisors LLC acquired a new position in Calamos Convertible and High Income Fund during the second quarter valued at approximately $128,000.

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.