Short Interest in Calamos Convertible and High Income Fund (NASDAQ:CHY) Rises By 8.6%

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 150,900 shares, a growth of 8.6% from the September 30th total of 139,000 shares. Based on an average daily trading volume, of 151,600 shares, the short-interest ratio is presently 1.0 days.

Calamos Convertible and High Income Fund Trading Down 1.5 %

CHY opened at $11.79 on Friday. Calamos Convertible and High Income Fund has a fifty-two week low of $10.77 and a fifty-two week high of $12.38. The firm’s fifty day moving average price is $11.87 and its two-hundred day moving average price is $11.47.

Calamos Convertible and High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.20 dividend on an annualized basis and a yield of 10.18%.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

A number of institutional investors have recently bought and sold shares of CHY. Financial Advocates Investment Management boosted its stake in shares of Calamos Convertible and High Income Fund by 10.5% in the 3rd quarter. Financial Advocates Investment Management now owns 24,180 shares of the investment management company’s stock valued at $288,000 after purchasing an additional 2,293 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Calamos Convertible and High Income Fund by 1.7% in the second quarter. Commonwealth Equity Services LLC now owns 161,865 shares of the investment management company’s stock valued at $1,806,000 after buying an additional 2,751 shares during the last quarter. Verus Capital Partners LLC raised its holdings in shares of Calamos Convertible and High Income Fund by 22.5% in the second quarter. Verus Capital Partners LLC now owns 15,893 shares of the investment management company’s stock valued at $177,000 after buying an additional 2,914 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of Calamos Convertible and High Income Fund in the second quarter valued at about $33,000. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of Calamos Convertible and High Income Fund by 14.3% in the third quarter. Concurrent Investment Advisors LLC now owns 24,113 shares of the investment management company’s stock valued at $288,000 after buying an additional 3,022 shares during the last quarter.

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.