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 large growth in short interest in 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 trading volume of 248,894 shares, the days-to-cover ratio is presently 0.6 days.

Calamos Convertible and High Income Fund Stock Performance

Shares of CHY traded up $0.03 during midday trading on Wednesday, hitting $11.34. The stock had a trading volume of 215,171 shares, compared to its average volume of 204,478. The company has a 50 day simple moving average of $12.20 and a two-hundred day simple moving average of $12.34. Calamos Convertible and High Income Fund has a twelve month low of $10.41 and a twelve month high of $13.91.

Calamos Convertible and High Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 21st. Investors of record on Wednesday, October 14th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, October 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.6%.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of CHY. Kestra Advisory Services LLC boosted its position in Calamos Convertible and High Income Fund by 169.0% during the 1st quarter. Kestra Advisory Services LLC now owns 88,481 shares of the investment management company’s stock worth $964,000 after acquiring an additional 55,590 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Calamos Convertible and High Income Fund by 29.7% in the second quarter. Baird Financial Group Inc. now owns 151,082 shares of the investment management company’s stock valued at $2,058,000 after purchasing an additional 34,611 shares during the last quarter. PFG Investments LLC raised its holdings in shares of Calamos Convertible and High Income Fund by 65.7% in the first quarter. PFG Investments LLC now owns 61,235 shares of the investment management company’s stock valued at $667,000 after purchasing an additional 24,276 shares during the last quarter. SOL Capital Management CO bought a new stake in shares of Calamos Convertible and High Income Fund in the first quarter worth $216,000. Finally, Bank of America Corp DE lifted its position in shares of Calamos Convertible and High Income Fund by 1.7% in the first quarter. Bank of America Corp DE now owns 1,255,952 shares of the investment management company’s stock worth $13,677,000 after purchasing an additional 20,872 shares in the last quarter.

About Calamos Convertible and High Income Fund

Calamos Convertible and High Income Fund (NASDAQ: CHY) is a closed-end management investment company advised by Calamos Advisors LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.

CHY invests primarily in convertible securities and high-income corporate debt securities. Its portfolio may also include common and preferred stocks, leveraged loans, and other income-producing or equity-related investments. Convertible securities can provide income while offering the potential to participate in the appreciation of the underlying issuer’s common stock.

The fund invests across a range of industries and may hold securities issued by companies in the United States and other countries.