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 decline in short interest in January. As of January 31st, there was short interest totalling 111,200 shares, a decline of 57.6% from the January 15th total of 262,400 shares. Based on an average daily volume of 191,100 shares, the short-interest ratio is currently 0.6 days.

Calamos Convertible and High Income Fund Stock Performance

Shares of Calamos Convertible and High Income Fund stock traded down $0.06 during trading on Thursday, hitting $11.30. 195,136 shares of the stock traded hands, compared to its average volume of 253,306. Calamos Convertible and High Income Fund has a 52-week low of $10.77 and a 52-week high of $12.59. The stock’s fifty day simple moving average is $11.81 and its 200 day simple moving average is $11.84.

Calamos Convertible and High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, February 13th will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.62%. The ex-dividend date of this dividend is Thursday, February 13th.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

A number of institutional investors have recently added to or reduced their stakes in CHY. Raymond James Financial Inc. bought a new stake in Calamos Convertible and High Income Fund during the fourth quarter valued at about $3,660,000. International Assets Investment Management LLC boosted its position in Calamos Convertible and High Income Fund by 1,115.4% during the third quarter. International Assets Investment Management LLC now owns 263,415 shares of the investment management company’s stock valued at $31,430,000 after purchasing an additional 241,742 shares in the last quarter. Cadent Capital Advisors LLC bought a new stake in Calamos Convertible and High Income Fund during the third quarter valued at about $2,766,000. Morse Asset Management Inc acquired a new stake in Calamos Convertible and High Income Fund in the third quarter worth about $1,557,000. Finally, OneAscent Financial Services LLC acquired a new stake in Calamos Convertible and High Income Fund in the fourth quarter worth about $933,000.

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.