Short Interest in Calamos Convertible and High Income Fund (NASDAQ:CHY) Drops By 49.7%

Calamos Convertible and High Income Fund (NASDAQ:CHYGet Rating) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 60,200 shares, a drop of 49.7% from the March 31st total of 119,600 shares. Based on an average daily volume of 179,200 shares, the days-to-cover ratio is presently 0.3 days.

A number of large investors have recently bought and sold shares of CHY. UMB Bank N A MO purchased a new position in Calamos Convertible and High Income Fund during the 4th quarter valued at about $47,000. Fifth Third Bancorp increased its holdings in Calamos Convertible and High Income Fund by 26.1% during the 4th quarter. Fifth Third Bancorp now owns 4,102 shares of the investment management company’s stock valued at $66,000 after acquiring an additional 850 shares in the last quarter. Ahrens Investment Partners LLC purchased a new position in Calamos Convertible and High Income Fund during the 4th quarter valued at about $67,000. Capital Analysts LLC purchased a new position in Calamos Convertible and High Income Fund during the 3rd quarter valued at about $70,000. Finally, GHP Investment Advisors Inc. purchased a new position in Calamos Convertible and High Income Fund during the 1st quarter valued at about $99,000.

Shares of CHY opened at $13.26 on Friday. The company has a 50-day simple moving average of $13.73 and a 200-day simple moving average of $15.03. Calamos Convertible and High Income Fund has a 52-week low of $12.50 and a 52-week high of $17.09.

The business also recently declared a monthly dividend, which was paid on Wednesday, April 20th. Stockholders of record on Wednesday, April 13th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, April 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.05%.

Calamos Convertible and High Income Fund Company Profile (Get Rating)

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.

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