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

Calamos Convertible and High Income Fund (NASDAQ:CHY) saw a large increase in short interest in 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 daily volume of 162,448 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 162,448 shares, the short-interest ratio is presently 1.1 days.

Calamos Convertible and High Income Fund Price Performance

NASDAQ CHY opened at $11.37 on Monday. The company has a fifty day simple moving average of $11.78 and a 200 day simple moving average of $11.52. Calamos Convertible and High Income Fund has a 12-month low of $8.99 and a 12-month high of $12.11.

Calamos Convertible and High Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Friday, March 13th.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in CHY. Northwestern Mutual Wealth Management Co. raised its holdings 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 worth $115,210,000 after acquiring an additional 10,180,764 shares during the last quarter. Penserra Capital Management LLC bought a new stake in Calamos Convertible and High Income Fund during the 3rd quarter worth approximately $7,179,000. Greenberg Financial Group bought a new stake in Calamos Convertible and High Income Fund during the 4th quarter worth approximately $2,276,000. PMG Family Office LLC purchased a new stake in shares of Calamos Convertible and High Income Fund in the third quarter worth approximately $1,193,000. Finally, Wolverine Asset Management LLC raised its stake in shares of Calamos Convertible and High Income Fund by 78.4% in the third quarter. Wolverine Asset Management LLC now owns 238,658 shares of the investment management company’s stock worth $2,678,000 after purchasing an additional 104,858 shares during the last quarter.

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.