Calamos Convertible and High Income Fund (NASDAQ:CHY) Sees Large Growth in Short Interest

Posted by Patrick Bannon on Jul 25th, 2024

Calamos Convertible and High Income Fund (NASDAQ:CHY – Get Free Report) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 41,300 shares, an increase of 317.2% from the June 30th total of 9,900 shares. Based on an average trading volume of 158,200 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Hedge funds have recently made changes to their positions in the business. Creekmur Asset Management LLC bought a new stake in shares of Calamos Convertible and High Income Fund during the 4th quarter worth $27,000. Principal Securities Inc. bought a new stake in shares of Calamos Convertible and High Income Fund during the 4th quarter worth $51,000. SteelPeak Wealth LLC bought a new stake in shares of Calamos Convertible and High Income Fund during the 1st quarter worth $118,000. Midwest Financial Group LLC bought a new stake in shares of Calamos Convertible and High Income Fund during the 2nd quarter worth $117,000. Finally, Zhang Financial LLC purchased a new stake in Calamos Convertible and High Income Fund in the 4th quarter worth about $136,000.

Calamos Convertible and High Income Fund Price Performance

NASDAQ:CHY traded down $0.05 during trading hours on Thursday, hitting $11.25. 110,740 shares of the company traded hands, compared to its average volume of 147,962. Calamos Convertible and High Income Fund has a one year low of $10.73 and a one year high of $12.16. The firm’s 50-day simple moving average is $11.23 and its 200-day simple moving average is $11.48.

Calamos Convertible and High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 12th were paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.67%. The ex-dividend date was Friday, July 12th.

About Calamos Convertible and High Income Fund

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Calamos Convertible and High Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of convertible securities and high yield corporate bonds rated Ba or lower by Moody's or BB or lower by Standard & Poor's.