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

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the recipient of a significant increase in short interest in 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 trading volume, of 156,023 shares, the short-interest ratio is currently 2.3 days. Based on an average daily trading volume, of 156,023 shares, the short-interest ratio is currently 2.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Stonebrook Private Inc. bought a new stake in shares of Calamos Convertible and High Income Fund in the second quarter worth approximately $110,000. Rockefeller Capital Management L.P. lifted its position in Calamos Convertible and High Income Fund by 26.6% during the second quarter. Rockefeller Capital Management L.P. now owns 99,541 shares of the investment management company’s stock valued at $1,094,000 after purchasing an additional 20,909 shares during the period. Meridian Wealth Management LLC boosted its holdings in Calamos Convertible and High Income Fund by 5.2% in the second quarter. Meridian Wealth Management LLC now owns 30,589 shares of the investment management company’s stock worth $336,000 after purchasing an additional 1,521 shares during the last quarter. Allworth Financial LP grew its position in Calamos Convertible and High Income Fund by 1,875.0% in the 2nd quarter. Allworth Financial LP now owns 9,480 shares of the investment management company’s stock worth $104,000 after purchasing an additional 9,000 shares during the period. Finally, Chancellor Financial Group WB LP raised its stake in Calamos Convertible and High Income Fund by 4.1% during the 2nd quarter. Chancellor Financial Group WB LP now owns 24,032 shares of the investment management company’s stock valued at $264,000 after buying an additional 939 shares during the last quarter.

Calamos Convertible and High Income Fund Trading Down 0.5%

NASDAQ:CHY opened at $11.62 on Friday. The company’s 50 day moving average price is $11.48 and its 200-day moving average price is $11.27. Calamos Convertible and High Income Fund has a 52 week low of $8.99 and a 52 week high of $11.85.

Calamos Convertible and High Income Fund Dividend Announcement

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

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.