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

Calamos Convertible and High Income Fund (NASDAQ:CHY) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 247,400 shares, an increase 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 currently 0.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CHY. Mainstream Capital Management LLC bought a new stake in Calamos Convertible and High Income Fund during the fourth quarter worth approximately $26,000. Blue Trust Inc. bought a new stake in shares of Calamos Convertible and High Income Fund during the 4th quarter worth $36,000. Golden State Wealth Management LLC acquired a new position in Calamos Convertible and High Income Fund in the 4th quarter valued at $39,000. Merit Financial Group LLC acquired a new position in Calamos Convertible and High Income Fund in the 1st quarter valued at $103,000. Finally, Avantax Advisory Services Inc. raised its holdings in Calamos Convertible and High Income Fund by 12.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,985 shares of the investment management company’s stock worth $145,000 after acquiring an additional 1,299 shares during the period.

Calamos Convertible and High Income Fund Stock Up 1.2 %

CHY stock opened at $9.87 on Friday. Calamos Convertible and High Income Fund has a 1 year low of $8.99 and a 1 year high of $12.59. The company has a fifty day simple moving average of $10.40 and a 200 day simple moving average of $11.43.

Calamos Convertible and High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 11th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, April 11th. This represents a $1.20 annualized dividend and a dividend 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.