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

Calamos Convertible and High Income Fund (NASDAQ:CHY) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 144,206 shares, a decrease of 49.3% from the July 15th total of 284,494 shares. Based on an average trading volume of 220,633 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its position in Calamos Convertible and High Income Fund by 9.4% during the 1st quarter. NewEdge Advisors LLC now owns 121,468 shares of the investment management company’s stock valued at $1,227,000 after buying an additional 10,475 shares during the period. Cerity Partners LLC purchased a new position in shares of Calamos Convertible and High Income Fund in the second quarter valued at about $186,000. Jane Street Group LLC purchased a new position in shares of Calamos Convertible and High Income Fund in the second quarter valued at about $265,000. Ameriprise Financial Inc. increased its position in shares of Calamos Convertible and High Income Fund by 7.6% in the second quarter. Ameriprise Financial Inc. now owns 169,991 shares of the investment management company’s stock valued at $1,868,000 after acquiring an additional 12,053 shares during the period. Finally, Morse Asset Management Inc raised its stake in shares of Calamos Convertible and High Income Fund by 6.9% during the second quarter. Morse Asset Management Inc now owns 193,970 shares of the investment management company’s stock valued at $2,132,000 after acquiring an additional 12,587 shares during the last quarter.

Calamos Convertible and High Income Fund Price Performance

CHY remained flat at $13.51 on Friday. The company had a trading volume of 169,243 shares, compared to its average volume of 210,411. The stock’s 50 day moving average price is $13.18 and its two-hundred day moving average price is $12.44. Calamos Convertible and High Income Fund has a fifty-two week low of $10.41 and a fifty-two week high of $13.91.

Calamos Convertible and High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be issued a $0.10 dividend. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 8.9%.

About Calamos Convertible and High Income Fund

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.