Calamos Convertible and High Income Fund (NASDAQ:CHY) Sees Significant Increase in Short Interest

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 131,400 shares, a growth of 37.6% from the May 15th total of 95,500 shares. Based on an average daily trading volume, of 277,400 shares, the days-to-cover ratio is presently 0.5 days.

Calamos Convertible and High Income Fund Stock Up 0.1%

NASDAQ:CHY opened at $10.47 on Thursday. The stock has a 50 day moving average of $10.28 and a 200-day moving average of $10.91. Calamos Convertible and High Income Fund has a 52 week low of $8.99 and a 52 week high of $12.59.

Calamos Convertible and High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 11.46%. The ex-dividend date is Thursday, June 12th.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. L.M. Kohn & Company grew its stake in Calamos Convertible and High Income Fund by 5.1% during the 1st quarter. L.M. Kohn & Company now owns 22,574 shares of the investment management company’s stock valued at $228,000 after acquiring an additional 1,100 shares in the last quarter. Avantax Advisory Services Inc. grew its stake 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. Atria Wealth Solutions Inc. grew its stake in Calamos Convertible and High Income Fund by 6.0% during the 1st quarter. Atria Wealth Solutions Inc. now owns 23,136 shares of the investment management company’s stock valued at $234,000 after acquiring an additional 1,310 shares in the last quarter. Cetera Investment Advisers grew its stake in Calamos Convertible and High Income Fund by 2.8% during the 1st quarter. Cetera Investment Advisers now owns 64,280 shares of the investment management company’s stock valued at $649,000 after acquiring an additional 1,751 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in Calamos Convertible and High Income Fund by 7.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 25,924 shares of the investment management company’s stock valued at $315,000 after acquiring an additional 1,811 shares in 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.