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 increase in short interest in the month of February. As of February 13th, there was short interest totaling 143,690 shares, an increase of 22.7% from the January 29th total of 117,107 shares. Based on an average daily volume of 218,925 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 218,925 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. TFC Financial Management Inc. bought a new stake in shares of Calamos Convertible and High Income Fund in the third quarter valued at about $34,000. CoreCap Advisors LLC bought a new stake in shares of Calamos Convertible and High Income Fund in the 4th quarter worth approximately $35,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Calamos Convertible and High Income Fund by 170.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,274 shares of the investment management company’s stock worth $47,000 after purchasing an additional 2,691 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Calamos Convertible and High Income Fund during the second quarter valued at approximately $59,000. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Calamos Convertible and High Income Fund by 205.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 5,829 shares of the investment management company’s stock valued at $66,000 after purchasing an additional 3,921 shares in the last quarter.

Calamos Convertible and High Income Fund Price Performance

CHY opened at $11.92 on Thursday. The business has a 50 day moving average of $11.77 and a 200-day moving average of $11.48. Calamos Convertible and High Income Fund has a 1-year low of $8.99 and a 1-year high of $12.11.

Calamos Convertible and High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 13th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 10.1%.

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.