Short Interest in Calamos Convertible and High Income Fund (NASDAQ:CHY) Expands By 35.8%

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

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

A number of institutional investors and hedge funds 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 4.0% during the fourth quarter. Financial Advocates Investment Management now owns 25,140 shares of the investment management company’s stock valued at $305,000 after purchasing an additional 960 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Calamos Convertible and High Income Fund by 11.1% during the third quarter. Sanctuary Advisors LLC now owns 12,546 shares of the investment management company’s stock worth $155,000 after buying an additional 1,250 shares during the period. Avantax Advisory Services Inc. boosted its position in Calamos Convertible and High Income Fund by 12.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,985 shares of the investment management company’s stock valued at $145,000 after acquiring an additional 1,299 shares in the last quarter. Dumont & Blake Investment Advisors LLC increased its holdings in shares of Calamos Convertible and High Income Fund by 0.7% in the 4th quarter. Dumont & Blake Investment Advisors LLC now owns 236,321 shares of the investment management company’s stock valued at $2,869,000 after acquiring an additional 1,547 shares during the period. Finally, Atomi Financial Group Inc. increased its holdings in shares of Calamos Convertible and High Income Fund by 9.7% in the 4th quarter. Atomi Financial Group Inc. now owns 20,455 shares of the investment management company’s stock valued at $248,000 after acquiring an additional 1,802 shares during the period.

Calamos Convertible and High Income Fund Stock Performance

Shares of CHY stock opened at $9.87 on Monday. The company’s 50-day simple moving average is $10.40 and its two-hundred day simple moving average is $11.42. Calamos Convertible and High Income Fund has a one year low of $8.99 and a one year high of $12.59.

Calamos Convertible and High Income Fund Announces Dividend

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

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.