Calamos Convertible and High Income Fund (NASDAQ:CHY) Short Interest Up 56.6% in December

Calamos Convertible and High Income Fund (NASDAQ:CHY) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 356,102 shares, a growth of 56.6% from the December 15th total of 227,421 shares. Based on an average daily volume of 156,023 shares, the short-interest ratio is currently 2.3 days. Based on an average daily volume of 156,023 shares, the short-interest ratio is currently 2.3 days.

Calamos Convertible and High Income Fund Price Performance

Shares of NASDAQ:CHY traded down $0.03 on Friday, reaching $11.65. The company had a trading volume of 121,512 shares, compared to its average volume of 240,374. The stock has a 50-day moving average price of $11.48 and a 200 day moving average price of $11.26. Calamos Convertible and High Income Fund has a twelve month low of $8.99 and a twelve month high of $11.85.

Calamos Convertible and High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 9th. Stockholders of record on Tuesday, December 30th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CHY. NewEdge Advisors LLC boosted its stake in Calamos Convertible and High Income Fund by 9.4% during the first quarter. NewEdge Advisors LLC now owns 121,468 shares of the investment management company’s stock worth $1,227,000 after buying an additional 10,475 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of Calamos Convertible and High Income Fund by 197.8% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,029 shares of the investment management company’s stock valued at $33,000 after acquiring an additional 2,012 shares in the last quarter. Cadent Capital Advisors LLC increased its stake in Calamos Convertible and High Income Fund by 100.0% in the second quarter. Cadent Capital Advisors LLC now owns 30,000 shares of the investment management company’s stock valued at $330,000 after acquiring an additional 15,000 shares during the period. Concurrent Investment Advisors LLC lifted its stake in Calamos Convertible and High Income Fund by 18.8% during the second quarter. Concurrent Investment Advisors LLC now owns 30,278 shares of the investment management company’s stock worth $333,000 after purchasing an additional 4,796 shares during the period. Finally, Atria Wealth Solutions Inc. grew its stake in shares of Calamos Convertible and High Income Fund by 8.5% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 25,100 shares of the investment management company’s stock valued at $276,000 after purchasing an additional 1,964 shares during the period.

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.