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

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the target of a large growth in short interest in 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 volume of 281,600 shares, the days-to-cover ratio is presently 0.9 days.

Calamos Convertible and High Income Fund Stock Up 1.2 %

NASDAQ:CHY traded up $0.12 during trading hours on Friday, hitting $9.87. The stock had a trading volume of 201,923 shares, compared to its average volume of 189,774. The company has a 50 day simple moving average of $10.40 and a two-hundred day simple moving average of $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 firm also recently announced a monthly dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 11th will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 12.16%. The ex-dividend date of this dividend is Friday, April 11th.

Institutional Trading of Calamos Convertible and High Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its stake in Calamos Convertible and High Income Fund by 1.0% in the fourth quarter. Bank of America Corp DE now owns 2,248,514 shares of the investment management company’s stock valued at $27,297,000 after purchasing an additional 23,123 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Calamos Convertible and High Income Fund by 2.3% during the 4th quarter. LPL Financial LLC now owns 1,202,832 shares of the investment management company’s stock worth $14,602,000 after acquiring an additional 26,839 shares during the last quarter. Guggenheim Capital LLC grew its position in Calamos Convertible and High Income Fund by 18.3% in the fourth quarter. Guggenheim Capital LLC now owns 753,735 shares of the investment management company’s stock worth $9,150,000 after acquiring an additional 116,502 shares in the last quarter. Pacific Wealth Strategies Group Inc. increased its stake in Calamos Convertible and High Income Fund by 2.8% in the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 726,109 shares of the investment management company’s stock valued at $8,815,000 after acquiring an additional 19,677 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Calamos Convertible and High Income Fund by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 583,826 shares of the investment management company’s stock valued at $7,088,000 after acquiring an additional 2,108 shares during the last quarter.

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.