Calamos Convertible and High Income Fund (NASDAQ:CHY) Sees Significant Growth in Short Interest

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the recipient of a significant increase in short interest in 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 presently 1.8 days.

Calamos Convertible and High Income Fund Stock Performance

Shares of NASDAQ:CHY traded up $0.12 during trading hours on Friday, hitting $12.55. 251,878 shares of the company’s stock traded hands, compared to its average volume of 213,955. The company’s fifty day simple moving average is $13.17 and its two-hundred day simple moving average is $12.34. 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 was paid on Tuesday, July 21st. Investors of record on Tuesday, July 14th were issued a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date was Tuesday, July 14th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its stake in shares of Calamos Convertible and High Income Fund by 9.4% during the 1st quarter. NewEdge Advisors LLC now owns 121,468 shares of the investment management company’s stock worth $1,227,000 after acquiring an additional 10,475 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of Calamos Convertible and High Income Fund during the second quarter worth $186,000. Jane Street Group LLC purchased a new stake in shares of Calamos Convertible and High Income Fund during the second quarter valued at $265,000. Ameriprise Financial Inc. boosted its position in shares of Calamos Convertible and High Income Fund by 7.6% in 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 boosted its position in shares of Calamos Convertible and High Income Fund by 6.9% in 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.

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.