Calamos Convertible and High Income Fund (NASDAQ:CHY) Short Interest Update

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

Calamos Convertible and High Income Fund Price Performance

NASDAQ:CHY remained flat at $13.51 during mid-day trading on Friday. The company had a trading volume of 169,243 shares, compared to its average volume of 210,411. The firm’s 50-day moving average is $13.18 and its 200 day moving average is $12.44. 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 firm also recently disclosed a monthly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be given a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date is Friday, August 14th.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

Several hedge funds have recently made changes to their positions in CHY. NewEdge Advisors LLC raised its holdings in shares of Calamos Convertible and High Income Fund by 9.4% during the first quarter. NewEdge Advisors LLC now owns 121,468 shares of the investment management company’s stock valued at $1,227,000 after acquiring an additional 10,475 shares in the last quarter. Cerity Partners LLC bought a new stake in Calamos Convertible and High Income Fund in the second quarter valued at $186,000. Jane Street Group LLC purchased a new position in Calamos Convertible and High Income Fund during the 2nd quarter valued at $265,000. Ameriprise Financial Inc. increased its position in Calamos Convertible and High Income Fund by 7.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 169,991 shares of the investment management company’s stock valued at $1,868,000 after purchasing an additional 12,053 shares during the period. Finally, Morse Asset Management Inc increased its position in Calamos Convertible and High Income Fund by 6.9% during the 2nd quarter. Morse Asset Management Inc now owns 193,970 shares of the investment management company’s stock valued at $2,132,000 after purchasing an additional 12,587 shares during the period.

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.