Calamos Convertible & Hi Income Fund (CHY) Sees Significant Drop in Short Interest

Calamos Convertible & Hi Income Fund (NASDAQ:CHY) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 181,306 shares, a decline of 75.3% from the September 28th total of 733,631 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 558,724 shares, the days-to-cover ratio is presently 0.3 days.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of Calamos Convertible & Hi Income Fund by 2.6% in the 2nd quarter. Bank of America Corp DE now owns 1,512,205 shares of the investment management company’s stock valued at $19,265,000 after buying an additional 38,396 shares in the last quarter. Sawtooth Solutions LLC grew its stake in shares of Calamos Convertible & Hi Income Fund by 61.6% in the 3rd quarter. Sawtooth Solutions LLC now owns 269,211 shares of the investment management company’s stock valued at $3,572,000 after buying an additional 102,653 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of Calamos Convertible & Hi Income Fund in the 2nd quarter valued at approximately $2,712,000. Dumont & Blake Investment Advisors LLC grew its stake in shares of Calamos Convertible & Hi Income Fund by 2.1% in the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 209,598 shares of the investment management company’s stock valued at $2,670,000 after buying an additional 4,240 shares in the last quarter. Finally, Raymond James & Associates grew its stake in shares of Calamos Convertible & Hi Income Fund by 10.8% in the 2nd quarter. Raymond James & Associates now owns 153,430 shares of the investment management company’s stock valued at $1,955,000 after buying an additional 14,916 shares in the last quarter.

Shares of NASDAQ CHY opened at $10.68 on Wednesday. Calamos Convertible & Hi Income Fund has a 52 week low of $10.60 and a 52 week high of $13.73.



About Calamos Convertible & Hi 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.

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