Short Interest in Calamos Convertible and High Income Fund (NASDAQ:CHY) Rises By 317.2%

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 41,300 shares, an increase of 317.2% from the June 30th total of 9,900 shares. Based on an average daily volume of 158,200 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacific Wealth Strategies Group Inc. lifted its holdings in shares of Calamos Convertible and High Income Fund by 3.0% in the second quarter. Pacific Wealth Strategies Group Inc. now owns 642,083 shares of the investment management company’s stock worth $7,166,000 after acquiring an additional 18,678 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Calamos Convertible and High Income Fund by 1,048.1% in the 4th quarter. International Assets Investment Management LLC now owns 440,402 shares of the investment management company’s stock valued at $50,510,000 after purchasing an additional 402,043 shares during the last quarter. Burns J W & Co. Inc. NY lifted its stake in Calamos Convertible and High Income Fund by 28.1% in the 2nd quarter. Burns J W & Co. Inc. NY now owns 188,018 shares of the investment management company’s stock valued at $2,098,000 after purchasing an additional 41,210 shares during the last quarter. ICA Group Wealth Management LLC boosted its position in Calamos Convertible and High Income Fund by 10.4% in the fourth quarter. ICA Group Wealth Management LLC now owns 124,382 shares of the investment management company’s stock valued at $1,427,000 after buying an additional 11,757 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its stake in shares of Calamos Convertible and High Income Fund by 18.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 107,913 shares of the investment management company’s stock worth $1,238,000 after buying an additional 16,477 shares during the last quarter.

Calamos Convertible and High Income Fund Price Performance

CHY stock traded up $0.01 during mid-day trading on Friday, hitting $11.22. The stock had a trading volume of 56,494 shares, compared to its average volume of 147,867. The firm has a fifty day simple moving average of $11.23 and a 200 day simple moving average of $11.48. Calamos Convertible and High Income Fund has a 52 week low of $10.73 and a 52 week high of $12.16.

Calamos Convertible and High Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 12th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.20 annualized dividend and a yield of 10.70%.

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.