Large Inflow of Money Witnessed in Calamos Convertible and High Income Fund

Calamos Convertible and High Income Fund (NASDAQ:CHY) : $0.03 million worth of transactions were on upticks in Calamos Convertible and High Income Fund (NASDAQ:CHY), compared to $0 million on downticks. The ratio between the two was 9.3, whereas, the net money flow stood at a healthy $0.03 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $0.01million worth of trades. The total money flow into the stock stood at $0.01 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.29%. The stock was trading at $10.42, with a drop of $0.03 over the previous days close. The stock recorded 0.97% for the week.


In an insider trading activity, Hamacher Theresa, director of Calamos Convertible & High Income Fund, executed a transaction worth $9,590 on March 1, 2016. A total of 1,000 shares were purchased at an average price of $9.59. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Calamos Convertible and High Income Fund (NASDAQ:CHY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.45 and $10.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.53, notching a gain of 0.77% for the day. The total traded volume was 178,867 . The stock had closed at $10.45 on the previous day.

Calamos Convertible and High Income Fund (the Fund) is an enhanced fixed income fund. The Fund seeks to provide a steady stream of distributions paid on a monthly basis and invests in multiple asset classes. The Fund provides an alternative to funds investing exclusively in investment grade fixed income instruments, and seeks to be less sensitive to interest rates. The Fund invests in a diversified portfolio of convertible securities and high yield securities. The Fund invests primarily in securities of United States issuers and favors companies that are actively participating in globalization with geographically diversified revenue streams and global business strategies.

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