Calamos Convertible and High Income Fund (NASDAQ:CHY) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Calamos Convertible and High Income Fund (NASDAQ:CHY) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.78 and traded as high as $13.13. Calamos Convertible and High Income Fund shares last traded at $13.10, with a volume of 140,669 shares trading hands.

Calamos Convertible and High Income Fund Stock Up 0.5%

The business’s 50 day moving average is $12.09 and its two-hundred day moving average is $11.79.

Calamos Convertible and High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were issued a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend was Thursday, May 14th.

Institutional Trading of Calamos Convertible and High Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in CHY. CoreCap Advisors LLC bought a new position in Calamos Convertible and High Income Fund in the 4th quarter worth about $35,000. CIBC Private Wealth Group LLC increased its position in shares of Calamos Convertible and High Income Fund by 205.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 5,829 shares of the investment management company’s stock valued at $66,000 after buying an additional 3,921 shares during the period. United Financial Planning Group LLC bought a new stake in shares of Calamos Convertible and High Income Fund during the third quarter valued at about $112,000. Independent Financial Group LLC purchased a new stake in shares of Calamos Convertible and High Income Fund in the first quarter worth about $117,000. Finally, Allworth Financial LP lifted its holdings in shares of Calamos Convertible and High Income Fund by 21.1% in the third quarter. Allworth Financial LP now owns 11,482 shares of the investment management company’s stock worth $129,000 after buying an additional 2,002 shares in the last quarter.

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.