Calamos Convertible and High Income Fund (NASDAQ:CHY) Sees Large Decline in Short Interest

Calamos Convertible and High Income Fund (NASDAQ:CHY) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 38,705 shares, a decrease of 42.2% from the September 15th total of 66,944 shares. Based on an average trading volume of 203,445 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of CHY. Baird Financial Group Inc. increased its position in shares of Calamos Convertible and High Income Fund by 29.7% during the second quarter. Baird Financial Group Inc. now owns 151,082 shares of the investment management company’s stock worth $2,058,000 after acquiring an additional 34,611 shares in the last quarter. Howard Financial Services LTD. bought a new position in Calamos Convertible and High Income Fund in the 2nd quarter valued at about $254,000. Bank of America Corp DE lifted its position in Calamos Convertible and High Income Fund by 1.7% in the 1st quarter. Bank of America Corp DE now owns 1,255,952 shares of the investment management company’s stock valued at $13,677,000 after acquiring an additional 20,872 shares in the last quarter. Compound Planning Inc. boosted its stake in Calamos Convertible and High Income Fund by 8.4% during the 1st quarter. Compound Planning Inc. now owns 72,285 shares of the investment management company’s stock valued at $787,000 after purchasing an additional 5,598 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Calamos Convertible and High Income Fund by 13.7% during the 1st quarter. Cetera Investment Advisers now owns 149,380 shares of the investment management company’s stock valued at $1,627,000 after purchasing an additional 18,036 shares during the last quarter.

Calamos Convertible and High Income Fund Price Performance

Shares of NASDAQ:CHY traded down $0.09 on Thursday, hitting $11.46. The company had a trading volume of 237,536 shares, compared to its average volume of 203,934. The stock has a 50 day moving average price of $12.57 and a 200 day moving average price of $12.66. Calamos Convertible and High Income Fund has a 1-year low of $10.41 and a 1-year high of $13.91.

Calamos Convertible and High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Wednesday, October 14th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 14th. This represents a $1.20 annualized dividend and a dividend yield of 10.5%.

About Calamos Convertible and High Income Fund

Calamos Convertible and High Income Fund (NASDAQ: CHY) is a closed-end management investment company advised by Calamos Advisors LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.

CHY invests primarily in convertible securities and high-income corporate debt securities. Its portfolio may also include common and preferred stocks, leveraged loans, and other income-producing or equity-related investments. Convertible securities can provide income while offering the potential to participate in the appreciation of the underlying issuer’s common stock.

The fund invests across a range of industries and may hold securities issued by companies in the United States and other countries.