Calamos Convertible and High Income Fund (NASDAQ:CHY) Stock Short Interest Drops 42.2%

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the recipient of a significant decrease in short interest in 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 currently 0.2 days.

Calamos Convertible and High Income Fund Price Performance

Shares of Calamos Convertible and High Income Fund stock traded down $0.07 during trading hours on Friday, reaching $11.34. The company had a trading volume of 52,208 shares, compared to its average volume of 203,417. Calamos Convertible and High Income Fund has a one year low of $10.41 and a one year high of $13.91. The business has a fifty day simple moving average of $12.54 and a 200 day simple moving average of $12.66.

Calamos Convertible and High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 21st. Investors of record on Wednesday, October 14th will be issued 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 yield of 10.6%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in Calamos Convertible and High Income Fund by 1.7% during the 1st quarter. Bank of America Corp DE now owns 1,255,952 shares of the investment management company’s stock valued at $13,677,000 after buying an additional 20,872 shares in the last quarter. Greatmark Investment Partners Inc. lifted its holdings in shares of Calamos Convertible and High Income Fund by 4.7% in the first quarter. Greatmark Investment Partners Inc. now owns 296,195 shares of the investment management company’s stock worth $3,226,000 after buying an additional 13,298 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Calamos Convertible and High Income Fund by 29.7% in the second quarter. Baird Financial Group Inc. now owns 151,082 shares of the investment management company’s stock worth $2,058,000 after buying an additional 34,611 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Calamos Convertible and High Income Fund by 13.7% in the first quarter. Cetera Investment Advisers now owns 149,380 shares of the investment management company’s stock worth $1,627,000 after buying an additional 18,036 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Calamos Convertible and High Income Fund by 19.4% in the second quarter. NewEdge Advisors LLC now owns 94,848 shares of the investment management company’s stock valued at $1,292,000 after acquiring an additional 15,421 shares during the period.

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.