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

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 117,107 shares, a decline of 55.3% from the January 15th total of 261,945 shares. Based on an average daily volume of 296,112 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 296,112 shares, the short-interest ratio is presently 0.4 days.

Calamos Convertible and High Income Fund Stock Performance

NASDAQ CHY remained flat at $11.99 during trading hours on Friday. The company had a trading volume of 202,393 shares, compared to its average volume of 256,306. The firm has a fifty day moving average price of $11.65 and a 200-day moving average price of $11.38. Calamos Convertible and High Income Fund has a 12 month low of $8.99 and a 12 month high of $12.07.

Calamos Convertible and High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 23rd. Stockholders of record on Friday, February 13th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

Large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC increased its stake in shares of Calamos Convertible and High Income Fund by 43.8% during the fourth quarter. Kestra Advisory Services LLC now owns 32,891 shares of the investment management company’s stock worth $372,000 after purchasing an additional 10,025 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Calamos Convertible and High Income Fund by 3.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,281,487 shares of the investment management company’s stock valued at $14,494,000 after acquiring an additional 44,371 shares during the last quarter. Cohen & Steers Inc. lifted its position in shares of Calamos Convertible and High Income Fund by 11.1% in the fourth quarter. Cohen & Steers Inc. now owns 379,984 shares of the investment management company’s stock valued at $4,298,000 after acquiring an additional 38,000 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Calamos Convertible and High Income Fund by 22.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 161,501 shares of the investment management company’s stock worth $1,827,000 after acquiring an additional 29,718 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of Calamos Convertible and High Income Fund by 205.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 5,829 shares of the investment management company’s stock worth $66,000 after purchasing an additional 3,921 shares in the last quarter.

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.