Calamos Convertible and High Income Fund (NASDAQ:CHY) Shares Shorted: Short Interest Up 300.9% in October

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 155,179 shares, a growth of 300.9% from the September 30th total of 38,705 shares. Based on an average daily trading volume, of 248,894 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CHY. Cadent Capital Advisors LLC lifted its holdings in Calamos Convertible and High Income Fund by 3.3% in the 3rd quarter. Cadent Capital Advisors LLC now owns 73,112 shares of the investment management company’s stock worth $856,000 after purchasing an additional 2,362 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Calamos Convertible and High Income Fund by 19.4% during the 2nd quarter. NewEdge Advisors LLC now owns 94,848 shares of the investment management company’s stock valued at $1,292,000 after buying an additional 15,421 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Calamos Convertible and High Income Fund by 29.7% during the 2nd quarter. Baird Financial Group Inc. now owns 151,082 shares of the investment management company’s stock valued at $2,058,000 after buying an additional 34,611 shares in the last quarter. Howard Financial Services LTD. purchased a new stake in Calamos Convertible and High Income Fund during the 2nd quarter valued at approximately $254,000. Finally, Bank of America Corp DE raised its position in shares of Calamos Convertible and High Income Fund by 1.7% during the first quarter. Bank of America Corp DE now owns 1,255,952 shares of the investment management company’s stock valued at $13,677,000 after buying an additional 20,872 shares during the last quarter.

Calamos Convertible and High Income Fund Trading Down 1.2%

Shares of NASDAQ:CHY traded down $0.13 during trading on Friday, reaching $11.20. 35,576 shares of the stock traded hands, compared to its average volume of 203,578. The stock has a 50-day moving average of $12.12 and a two-hundred day moving average of $12.34. Calamos Convertible and High Income Fund has a 52-week low of $10.41 and a 52-week high of $13.91.

Calamos Convertible and High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 21st. Investors of record on Wednesday, October 14th were given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date was Wednesday, October 14th.

Calamos Convertible and High Income Fund Company Profile

Calamos Convertible and High Income Fund is a closed-end investment company listed on the Nasdaq under the symbol CHY. The fund is managed by Calamos Advisors LLC, an investment management firm specializing in convertible securities and related income-oriented strategies.

The fund seeks to provide current income and total return by investing primarily in a combination of convertible securities and high-income, or below-investment-grade, fixed-income securities. Convertible securities may offer income along with the potential for participation in the equity performance of the issuing company, while high-yield bonds are generally intended to enhance portfolio income.

Calamos Convertible and High Income Fund invests across corporate issuers and industries, with exposure that may include companies in the United States and other markets.