Calamos Convertible and High Income Fund (NASDAQ:CHY) Stock Short Interest Report for September

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 38,705 shares, a decline of 42.2% from the September 15th total of 66,944 shares. Based on an average daily volume of 203,445 shares, the days-to-cover ratio is presently 0.2 days.

Calamos Convertible and High Income Fund Stock Performance

Shares of CHY stock traded down $0.09 during trading on Thursday, hitting $11.46. The company’s stock had a trading volume of 237,536 shares, compared to its average volume of 203,934. The business has a fifty day moving average of $12.57 and a 200-day moving average of $12.66. 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 announced a monthly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date is Wednesday, October 14th.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

Several institutional investors have recently added to or reduced their stakes in CHY. Bank of America Corp DE raised its position in Calamos Convertible and High Income Fund by 1.7% in the first quarter. Bank of America Corp DE now owns 1,255,952 shares of the investment management company’s stock worth $13,677,000 after acquiring an additional 20,872 shares during the period. Greatmark Investment Partners Inc. boosted its holdings in shares of Calamos Convertible and High Income Fund by 4.7% in the first quarter. Greatmark Investment Partners Inc. now owns 296,195 shares of the investment management company’s stock worth $3,226,000 after acquiring an additional 13,298 shares during the period. Baird Financial Group Inc. boosted its stake in Calamos Convertible and High Income Fund by 29.7% in the 2nd quarter. Baird Financial Group Inc. now owns 151,082 shares of the investment management company’s stock worth $2,058,000 after purchasing an additional 34,611 shares during the period. Cetera Investment Advisers lifted its stake in Calamos Convertible and High Income Fund by 13.7% in 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 in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Calamos Convertible and High Income Fund by 19.4% in the second quarter. NewEdge Advisors LLC now owns 94,848 shares of the investment management company’s stock worth $1,292,000 after buying an additional 15,421 shares in the last quarter.

Calamos Convertible and High Income Fund Company Profile

Calamos Convertible and High Income Fund (NASDAQ: CHY) is a closed-end management investment company advised by Calamos Advisors LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.

CHY invests primarily in convertible securities and high-income corporate debt securities. Its portfolio may also include common and preferred stocks, leveraged loans, and other income-producing or equity-related investments. Convertible securities can provide income while offering the potential to participate in the appreciation of the underlying issuer’s common stock.

The fund invests across a range of industries and may hold securities issued by companies in the United States and other countries.