Calamos Convertible and High Income Fund (NASDAQ:CHY) Shares Shorted: Short Interest Down 42.2% in September

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

Calamos Convertible and High Income Fund Price Performance

CHY traded down $0.30 during trading on Friday, hitting $11.11. The stock had a trading volume of 286,234 shares, compared to its average volume of 204,623. The stock has a 50 day simple moving average of $12.50 and a two-hundred day simple moving average of $12.65. Calamos Convertible and High Income Fund has a twelve month low of $10.41 and a twelve month high of $13.91.

Calamos Convertible and High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.8%.

Institutional Trading of Calamos Convertible and High Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its position in shares of Calamos Convertible and High Income Fund by 1.7% in 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. Greatmark Investment Partners Inc. increased its position in Calamos Convertible and High Income Fund by 4.7% during the 1st quarter. Greatmark Investment Partners Inc. now owns 296,195 shares of the investment management company’s stock valued at $3,226,000 after buying an additional 13,298 shares in the last quarter. Baird Financial Group Inc. increased its position in Calamos Convertible and High Income Fund by 29.7% during the 2nd quarter. Baird Financial Group Inc. now owns 151,082 shares of the investment management company’s stock valued at $2,058,000 after buying an additional 34,611 shares in the last quarter. Cetera Investment Advisers increased its position 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 valued at $1,627,000 after buying an additional 18,036 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in Calamos Convertible and High Income Fund by 19.4% during the 2nd quarter. NewEdge Advisors LLC now owns 94,848 shares of the investment management company’s stock valued at $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.