Calamos Convertible and High Income Fund (NASDAQ:CHY) Short Interest Up 44.8% in February

Calamos Convertible and High Income Fund (NASDAQ:CHY) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 161,000 shares, an increase of 44.8% from the January 31st total of 111,200 shares. Based on an average trading volume of 209,500 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mainstream Capital Management LLC acquired a new position in shares of Calamos Convertible and High Income Fund in the 4th quarter valued at approximately $26,000. Blue Trust Inc. acquired a new position in shares of Calamos Convertible and High Income Fund in the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC bought a new stake in shares of Calamos Convertible and High Income Fund during the fourth quarter worth $39,000. US Bancorp DE acquired a new stake in shares of Calamos Convertible and High Income Fund during the third quarter worth $42,000. Finally, Larson Financial Group LLC raised its holdings in shares of Calamos Convertible and High Income Fund by 233.3% during the third quarter. Larson Financial Group LLC now owns 10,000 shares of the investment management company’s stock worth $119,000 after acquiring an additional 7,000 shares during the period.

Calamos Convertible and High Income Fund Trading Up 0.5 %

Shares of NASDAQ:CHY opened at $10.74 on Wednesday. The firm’s 50 day simple moving average is $11.49 and its 200 day simple moving average is $11.81. Calamos Convertible and High Income Fund has a fifty-two week low of $10.60 and a fifty-two week high of $12.59.

Calamos Convertible and High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, February 13th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.20 annualized dividend and a yield of 11.17%.

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.