Calamos Convertible and High Income Fund (NASDAQ:CHY) Short Interest Update

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 261,945 shares, a decline of 26.4% from the December 31st total of 356,102 shares. Based on an average daily volume of 251,120 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 251,120 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Calamos Convertible and High Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of CHY. TFC Financial Management Inc. bought a new stake in shares of Calamos Convertible and High Income Fund in the 3rd quarter valued at about $34,000. CoreCap Advisors LLC bought a new position in Calamos Convertible and High Income Fund in the 4th quarter worth about $35,000. Steward Partners Investment Advisory LLC lifted its position in Calamos Convertible and High Income Fund by 170.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 4,274 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 2,691 shares during the period. GHP Investment Advisors Inc. acquired a new stake in Calamos Convertible and High Income Fund during the second quarter worth $59,000. Finally, Allworth Financial LP increased its position in shares of Calamos Convertible and High Income Fund by 1,875.0% during the second quarter. Allworth Financial LP now owns 9,480 shares of the investment management company’s stock worth $104,000 after purchasing an additional 9,000 shares in the last quarter.

Calamos Convertible and High Income Fund Stock Performance

Shares of NASDAQ CHY traded down $0.20 during trading hours on Friday, reaching $11.73. 205,113 shares of the stock traded hands, compared to its average volume of 274,601. The company’s 50-day simple moving average is $11.58 and its two-hundred day simple moving average is $11.33. Calamos Convertible and High Income Fund has a 52-week low of $8.99 and a 52-week high of $11.98.

Calamos Convertible and High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 9th. Investors of record on Tuesday, December 30th were paid a $0.10 dividend. The ex-dividend date was Tuesday, December 30th. This represents a c) annualized dividend and a dividend yield of 10.2%.

Calamos Convertible and High Income Fund Company Profile

The Calamos Convertible and High Income Fund (NASDAQ: CHY) is a closed-end investment company managed by Calamos Investments. The fund seeks to deliver high current income and total return through a diversified portfolio of convertible securities and high-yield debt instruments. By blending growth potential from equity-linked convertibles with income generation from corporate and structured credit, the fund aims to offer investors a balanced approach to return enhancement and downside mitigation.

CHY’s portfolio typically includes investment-grade and below-investment-grade convertible bonds, convertible preferred stocks, senior loans and high-yield bonds issued by companies across a range of industries.