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

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 144,206 shares, a decline of 49.3% from the July 15th total of 284,494 shares. Based on an average daily volume of 220,633 shares, the short-interest ratio is presently 0.7 days.

Calamos Convertible and High Income Fund Stock Performance

Calamos Convertible and High Income Fund stock traded down $0.13 during midday trading on Tuesday, hitting $13.31. 133,560 shares of the stock were exchanged, compared to its average volume of 209,106. Calamos Convertible and High Income Fund has a 1 year low of $10.41 and a 1 year high of $13.91. The company has a 50 day moving average price of $13.19 and a two-hundred day moving average price of $12.46.

Calamos Convertible and High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 9.0%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. grew its stake in Calamos Convertible and High Income Fund by 3.0% during the 3rd quarter. Raymond James Financial Inc. now owns 299,997 shares of the investment management company’s stock valued at $3,366,000 after purchasing an additional 8,748 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Calamos Convertible and High Income Fund by 4.8% in the 4th quarter. Osaic Holdings Inc. now owns 282,618 shares of the investment management company’s stock valued at $3,196,000 after purchasing an additional 12,891 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Calamos Convertible and High Income Fund by 2.0% during the 4th quarter. Royal Bank of Canada now owns 250,958 shares of the investment management company’s stock valued at $2,838,000 after buying an additional 4,864 shares during the last quarter. Beacon Pointe Advisors LLC grew its position in shares of Calamos Convertible and High Income Fund by 11.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 41,004 shares of the investment management company’s stock worth $464,000 after buying an additional 4,288 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its position in shares of Calamos Convertible and High Income Fund by 43.8% during the fourth quarter. Kestra Advisory Services LLC now owns 32,891 shares of the investment management company’s stock worth $372,000 after buying an additional 10,025 shares in the last quarter.

Calamos Convertible and High Income Fund Company Profile

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.