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

Calamos Convertible and High Income Fund (NASDAQ:CHY) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 247,400 shares, an increase of 35.8% from the March 15th total of 182,200 shares. Based on an average daily volume of 281,600 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mainstream Capital Management LLC purchased a new position in shares of Calamos Convertible and High Income Fund in the fourth quarter worth approximately $26,000. Blue Trust Inc. acquired a new stake in Calamos Convertible and High Income Fund during the 4th quarter valued at $36,000. Golden State Wealth Management LLC acquired a new stake in shares of Calamos Convertible and High Income Fund in the fourth quarter worth $39,000. Merit Financial Group LLC purchased a new position in shares of Calamos Convertible and High Income Fund during the first quarter valued at $103,000. Finally, Avantax Advisory Services Inc. raised its position in Calamos Convertible and High Income Fund by 12.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,985 shares of the investment management company’s stock valued at $145,000 after buying an additional 1,299 shares during the period.

Calamos Convertible and High Income Fund Price Performance

CHY stock opened at $9.87 on Friday. Calamos Convertible and High Income Fund has a 12 month low of $8.99 and a 12 month high of $12.59. The firm has a 50 day simple moving average of $10.40 and a 200 day simple moving average of $11.43.

Calamos Convertible and High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 11th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.16%. The ex-dividend date of this dividend is Friday, April 11th.

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.