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 recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 284,494 shares, an increase of 93.6% from the June 30th total of 146,950 shares. Based on an average trading volume of 159,652 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Chancellor Financial Group WB LP lifted its position in Calamos Convertible and High Income Fund by 2.5% during the 4th quarter. Chancellor Financial Group WB LP now owns 35,605 shares of the investment management company’s stock worth $403,000 after buying an additional 881 shares in the last quarter. Morse Asset Management Inc grew its holdings in shares of Calamos Convertible and High Income Fund by 1.1% in the 4th quarter. Morse Asset Management Inc now owns 209,507 shares of the investment management company’s stock valued at $2,370,000 after acquiring an additional 2,344 shares in the last quarter. CoreCap Advisors LLC bought a new position in shares of Calamos Convertible and High Income Fund in the 4th quarter valued at about $35,000. LifeWealth Investments LLC increased its position in shares of Calamos Convertible and High Income Fund by 10.2% in the first quarter. LifeWealth Investments LLC now owns 34,993 shares of the investment management company’s stock valued at $381,000 after acquiring an additional 3,250 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in shares of Calamos Convertible and High Income Fund by 3.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 115,487 shares of the investment management company’s stock valued at $1,306,000 after acquiring an additional 3,388 shares during the last quarter.

Calamos Convertible and High Income Fund Stock Down 2.9%

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

Calamos Convertible and High Income Fund Announces Dividend

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

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.