Short Interest in Calamos Convertible and High Income Fund (NASDAQ:CHY) Expands By 20.5%

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 173,083 shares, an increase of 20.5% from the February 12th total of 143,690 shares. Based on an average trading volume of 162,448 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 162,448 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of CHY. Northwestern Mutual Wealth Management Co. increased its stake in shares of Calamos Convertible and High Income Fund by 175,137.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,186,577 shares of the investment management company’s stock valued at $115,210,000 after acquiring an additional 10,180,764 shares in the last quarter. LPL Financial LLC boosted its stake in Calamos Convertible and High Income Fund by 7.5% during the fourth quarter. LPL Financial LLC now owns 1,478,856 shares of the investment management company’s stock worth $16,726,000 after acquiring an additional 102,664 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Calamos Convertible and High Income Fund by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,281,487 shares of the investment management company’s stock worth $14,494,000 after purchasing an additional 44,371 shares during the period. Guggenheim Capital LLC increased its stake in Calamos Convertible and High Income Fund by 2.6% in the second quarter. Guggenheim Capital LLC now owns 719,293 shares of the investment management company’s stock valued at $7,905,000 after purchasing an additional 18,044 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new stake in Calamos Convertible and High Income Fund in the third quarter valued at $7,179,000.

Calamos Convertible and High Income Fund Price Performance

Shares of NASDAQ:CHY opened at $11.37 on Monday. Calamos Convertible and High Income Fund has a 1 year low of $8.99 and a 1 year high of $12.11. The business’s 50-day moving average is $11.78 and its 200-day moving average is $11.52.

Calamos Convertible and High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 13th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 10.6%.

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.