Calamos Convertible and High Income Fund (NASDAQ:CHY) Sees Significant Growth in Short Interest

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 356,102 shares, an increase of 56.6% from the December 15th total of 227,421 shares. Based on an average daily volume of 156,023 shares, the short-interest ratio is presently 2.3 days. Based on an average daily volume of 156,023 shares, the short-interest ratio is presently 2.3 days.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

A number of large investors have recently made changes to their positions in the company. Guggenheim Capital LLC raised its position in Calamos Convertible and High Income Fund by 2.6% in the 2nd quarter. Guggenheim Capital LLC now owns 719,293 shares of the investment management company’s stock worth $7,905,000 after purchasing an additional 18,044 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of Calamos Convertible and High Income Fund in the third quarter worth approximately $7,179,000. Osaic Holdings Inc. raised its holdings in shares of Calamos Convertible and High Income Fund by 7.8% in the second quarter. Osaic Holdings Inc. now owns 300,475 shares of the investment management company’s stock worth $3,302,000 after buying an additional 21,804 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Calamos Convertible and High Income Fund by 3.0% during the 3rd quarter. Raymond James Financial Inc. now owns 299,997 shares of the investment management company’s stock worth $3,366,000 after acquiring an additional 8,748 shares during the last quarter. Finally, Greatmark Investment Partners Inc. boosted its holdings in Calamos Convertible and High Income Fund by 1.7% during the 3rd quarter. Greatmark Investment Partners Inc. now owns 262,618 shares of the investment management company’s stock valued at $2,947,000 after acquiring an additional 4,418 shares during the period.

Calamos Convertible and High Income Fund Trading Down 0.5%

Shares of Calamos Convertible and High Income Fund stock opened at $11.62 on Friday. The stock has a 50 day moving average price of $11.48 and a 200-day moving average price of $11.27. Calamos Convertible and High Income Fund has a one year low of $8.99 and a one year high of $11.85.

Calamos Convertible and High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, January 9th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, December 30th. This represents a c) dividend on an annualized basis and a yield of 10.3%.

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.