Calamos Convertible and High Income Fund (NASDAQ:CHY) Sees Large Drop in Short Interest

Calamos Convertible and High Income Fund (NASDAQ:CHYGet Free Report) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 334,600 shares, a drop of 39.2% from the November 30th total of 549,900 shares. Based on an average daily volume of 166,000 shares, the short-interest ratio is currently 2.0 days.

Calamos Convertible and High Income Fund Trading Down 3.0 %

Calamos Convertible and High Income Fund stock traded down $0.35 during mid-day trading on Friday, reaching $11.48. 126,948 shares of the company traded hands, compared to its average volume of 163,339. The firm’s fifty day moving average is $11.38 and its two-hundred day moving average is $11.26. Calamos Convertible and High Income Fund has a fifty-two week low of $9.97 and a fifty-two week high of $12.93.

Calamos Convertible and High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 29th will be given a $0.10 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a yield of 10.45%.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

Institutional investors have recently bought and sold shares of the business. Coastal Investment Advisors Inc. boosted its holdings in Calamos Convertible and High Income Fund by 12.6% in the second quarter. Coastal Investment Advisors Inc. now owns 16,024 shares of the investment management company’s stock valued at $180,000 after purchasing an additional 1,798 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in Calamos Convertible and High Income Fund by 3.7% during the second quarter. Kestra Private Wealth Services LLC now owns 89,996 shares of the investment management company’s stock worth $1,011,000 after buying an additional 3,224 shares in the last quarter. Apollon Wealth Management LLC grew its position in Calamos Convertible and High Income Fund by 2.0% during the second quarter. Apollon Wealth Management LLC now owns 81,938 shares of the investment management company’s stock valued at $920,000 after buying an additional 1,576 shares during the period. LPL Financial LLC increased its holdings in Calamos Convertible and High Income Fund by 39.9% in the second quarter. LPL Financial LLC now owns 1,018,530 shares of the investment management company’s stock valued at $11,438,000 after buying an additional 290,546 shares in the last quarter. Finally, Meridian Wealth Management LLC grew its position in shares of Calamos Convertible and High Income Fund by 10.2% during the 2nd quarter. Meridian Wealth Management LLC now owns 21,444 shares of the investment management company’s stock valued at $241,000 after acquiring an additional 1,977 shares during the period.

Calamos Convertible and High Income Fund Company Profile

(Get Free Report)

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.

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