Short Interest in Calamos Convertible and High Income Fund (NASDAQ:CHY) Declines By 68.4%

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 54,100 shares, a decline of 68.4% from the February 29th total of 171,300 shares. Based on an average daily volume of 132,000 shares, the short-interest ratio is currently 0.4 days.

Calamos Convertible and High Income Fund Price Performance

Shares of Calamos Convertible and High Income Fund stock traded down $0.05 on Friday, reaching $11.81. The stock had a trading volume of 245,168 shares, compared to its average volume of 131,672. Calamos Convertible and High Income Fund has a fifty-two week low of $9.97 and a fifty-two week high of $12.16. The business’s 50-day moving average price is $11.88 and its two-hundred day moving average price is $11.53.

Calamos Convertible and High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 14th were issued a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 10.16%. The ex-dividend date was Wednesday, March 13th.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Hedge funds have recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC raised its holdings in Calamos Convertible and High Income Fund by 10.4% during the 4th quarter. ICA Group Wealth Management LLC now owns 124,382 shares of the investment management company’s stock worth $1,427,000 after buying an additional 11,757 shares during the period. Creekmur Asset Management LLC acquired a new stake in Calamos Convertible and High Income Fund during the 4th quarter valued at $27,000. Virtu Financial LLC acquired a new stake in shares of Calamos Convertible and High Income Fund during the fourth quarter worth $161,000. Royal Bank of Canada raised its stake in Calamos Convertible and High Income Fund by 8.3% in the fourth quarter. Royal Bank of Canada now owns 608,637 shares of the investment management company’s stock valued at $6,981,000 after purchasing an additional 46,759 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in Calamos Convertible and High Income Fund by 131.0% in the fourth quarter. Kestra Advisory Services LLC now owns 50,736 shares of the investment management company’s stock valued at $582,000 after purchasing an additional 28,777 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.