Calamos Convertible and High Income Fund (NASDAQ:CHY) Short Interest Up 93.6% in July

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 284,494 shares, a growth of 93.6% from the June 30th total of 146,950 shares. Based on an average daily volume of 159,652 shares, the short-interest ratio is currently 1.8 days.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC bought a new stake in Calamos Convertible and High Income Fund in the 4th quarter valued at $35,000. CIBC Private Wealth Group LLC increased its holdings in Calamos Convertible and High Income Fund by 205.5% during the 4th 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. Independent Financial Group LLC acquired a new stake in shares of Calamos Convertible and High Income Fund in the 1st quarter valued at about $117,000. Zhang Financial LLC acquired a new stake in shares of Calamos Convertible and High Income Fund in the 1st quarter valued at about $129,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Calamos Convertible and High Income Fund in the third quarter valued at about $164,000.

Calamos Convertible and High Income Fund Trading Down 2.9%

Shares of CHY opened at $12.13 on Thursday. The stock has a 50 day simple moving average of $13.17 and a 200 day simple moving average of $12.33. Calamos Convertible and High Income Fund has a 52-week low of $10.41 and a 52-week high of $13.91.

Calamos Convertible and High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 14th were issued a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date was Tuesday, July 14th.

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.