Calamos Convertible and High Income Fund (NASDAQ:CHY) Short Interest Down 49.3% in July

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 144,206 shares, a decline of 49.3% from the July 15th total of 284,494 shares. Based on an average daily volume of 220,633 shares, the short-interest ratio is presently 0.7 days.

Calamos Convertible and High Income Fund Trading Down 0.5%

Calamos Convertible and High Income Fund stock traded down $0.07 during midday trading on Monday, reaching $13.44. The company had a trading volume of 85,616 shares, compared to its average volume of 209,612. Calamos Convertible and High Income Fund has a 12-month low of $10.41 and a 12-month high of $13.91. The firm’s fifty day simple moving average is $13.18 and its 200-day simple moving average is $12.45.

Calamos Convertible and High Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 14th will be issued a $0.10 dividend. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 8.9%.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Institutional investors have recently made changes to their positions in the stock. Howard Financial Services LTD. acquired a new position in shares of Calamos Convertible and High Income Fund in the second quarter valued at approximately $254,000. Bank of America Corp DE grew its stake in Calamos Convertible and High Income Fund by 1.7% during the 1st quarter. Bank of America Corp DE now owns 1,255,952 shares of the investment management company’s stock worth $13,677,000 after purchasing an additional 20,872 shares in the last quarter. Compound Planning Inc. increased its holdings in Calamos Convertible and High Income Fund by 8.4% during the 1st quarter. Compound Planning Inc. now owns 72,285 shares of the investment management company’s stock worth $787,000 after purchasing an additional 5,598 shares during the period. Cetera Investment Advisers increased its holdings in Calamos Convertible and High Income Fund by 13.7% during the 1st quarter. Cetera Investment Advisers now owns 149,380 shares of the investment management company’s stock worth $1,627,000 after purchasing an additional 18,036 shares during the period. Finally, Zhang Financial LLC acquired a new stake in Calamos Convertible and High Income Fund in the 1st quarter valued at about $129,000.

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.