Calamos Convertible and High Income Fund (NASDAQ:CHY) Short Interest Up 29.9% in March

Calamos Convertible and High Income Fund (NASDAQ:CHY – Get Rating) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 119,600 shares, a growth of 29.9% from the March 15th total of 92,100 shares. Based on an average daily trading volume, of 179,800 shares, the days-to-cover ratio is presently 0.7 days.

A number of institutional investors have recently added to or reduced their stakes in the business. Spire Wealth Management grew its position in shares of Calamos Convertible and High Income Fund by 7.8% in the first quarter. Spire Wealth Management now owns 24,983 shares of the investment management company’s stock valued at $352,000 after purchasing an additional 1,815 shares during the period. Cornerstone Advisory LLC lifted its stake in shares of Calamos Convertible and High Income Fund by 10.5% during the fourth quarter. Cornerstone Advisory LLC now owns 55,624 shares of the investment management company’s stock worth $900,000 after purchasing an additional 5,269 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Calamos Convertible and High Income Fund during the fourth quarter worth about $267,000. NewEdge Advisors LLC lifted its stake in shares of Calamos Convertible and High Income Fund by 213.0% during the fourth quarter. NewEdge Advisors LLC now owns 44,164 shares of the investment management company’s stock worth $715,000 after purchasing an additional 30,056 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Calamos Convertible and High Income Fund by 33.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 22,697 shares of the investment management company’s stock worth $370,000 after purchasing an additional 5,707 shares in the last quarter.

Calamos Convertible and High Income Fund stock opened at $13.74 on Tuesday. Calamos Convertible and High Income Fund has a twelve month low of $12.50 and a twelve month high of $17.09. The stock has a 50 day moving average of $13.92 and a two-hundred day moving average of $15.16.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 20th. Investors of record on Wednesday, April 13th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 12th. This represents a $1.20 annualized dividend and a yield of 8.73%.

About Calamos Convertible and High Income Fund (Get Rating)

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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