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

Calamos Convertible and High Income Fund (NASDAQ:CHY) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 117,107 shares, a drop of 55.3% from the January 15th total of 261,945 shares. Based on an average trading volume of 296,112 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 296,112 shares, the days-to-cover ratio is presently 0.4 days.

Calamos Convertible and High Income Fund Stock Down 0.2%

Calamos Convertible and High Income Fund stock opened at $11.99 on Friday. The stock’s 50 day moving average is $11.64 and its 200 day moving average is $11.37. Calamos Convertible and High Income Fund has a one year low of $8.99 and a one year high of $12.07.

Calamos Convertible and High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 23rd. Investors of record on Friday, February 13th will be paid a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Friday, February 13th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted 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 purchasing an additional 10,180,764 shares during the period. LPL Financial LLC lifted its stake in Calamos Convertible and High Income Fund by 7.5% in the fourth quarter. LPL Financial LLC now owns 1,478,856 shares of the investment management company’s stock valued at $16,726,000 after buying an additional 102,664 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of Calamos Convertible and High Income Fund by 2.6% during the 2nd quarter. Guggenheim Capital LLC now owns 719,293 shares of the investment management company’s stock worth $7,905,000 after buying an additional 18,044 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Calamos Convertible and High Income Fund during the 3rd quarter worth approximately $7,179,000. Finally, Osaic Holdings Inc. increased its stake in shares of Calamos Convertible and High Income Fund by 7.8% in the 2nd quarter. Osaic Holdings Inc. now owns 300,475 shares of the investment management company’s stock valued at $3,302,000 after acquiring an additional 21,804 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.