Prospera Financial Services Inc buys $1,419,960 stake in Calamos Convertible & Hi Income Fund (CHY)

Calamos Convertible & Hi Income Fund (CHY) : Prospera Financial Services Inc scooped up 4,748 additional shares in Calamos Convertible & Hi Income Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 130,033 shares of Calamos Convertible & Hi Income Fund which is valued at $1,419,960.Calamos Convertible & Hi Income Fund makes up approximately 0.29% of Prospera Financial Services Inc’s portfolio.

Other Hedge Funds, Including , Hollencrest Securities boosted its stake in CHY in the latest quarter, The investment management firm added 2,200 additional shares and now holds a total of 38,265 shares of Calamos Convertible & Hi Income Fund which is valued at $417,854. Calamos Convertible & Hi Income Fund makes up approx 0.06% of Hollencrest Securities’s portfolio.Cutler Group Lp reduced its stake in CHY by selling 30,000 shares or 73.35% in the most recent quarter. The Hedge Fund company now holds 10,900 shares of CHY which is valued at $118,810. Calamos Convertible & Hi Income Fund makes up approx 0.01% of Cutler Group Lp’s portfolio.Advisory Services Network boosted its stake in CHY in the latest quarter, The investment management firm added 7,262 additional shares and now holds a total of 12,067 shares of Calamos Convertible & Hi Income Fund which is valued at $130,806. Calamos Convertible & Hi Income Fund makes up approx 0.02% of Advisory Services Network’s portfolio.

Calamos Convertible & Hi Income Fund opened for trading at $10.87 and hit $10.96 on the upside on Tuesday, eventually ending the session at $10.92, with a gain of 0.18% or 0.02 points. The heightened volatility saw the trading volume jump to 2,64,173 shares. Company has a market cap of $788 M.

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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