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

Calamos Convertible and High Income Fund (NASDAQ:CHY)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.32 and traded as high as $12.99. Calamos Convertible and High Income Fund shares last traded at $12.69, with a volume of 194,699 shares trading hands.

Calamos Convertible and High Income Fund Trading Down 2.9%

The company has a 50 day moving average of $13.18 and a 200 day moving average of $12.33.

Calamos Convertible and High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 14th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%.

Institutional Trading of Calamos Convertible and High Income Fund

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in Calamos Convertible and High Income Fund by 175,137.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,186,577 shares of the investment management company’s stock worth $115,210,000 after acquiring an additional 10,180,764 shares in the last quarter. Chancellor Financial Group WB LP raised its holdings in shares of Calamos Convertible and High Income Fund by 2.5% in the 4th quarter. Chancellor Financial Group WB LP now owns 35,605 shares of the investment management company’s stock valued at $403,000 after purchasing an additional 881 shares in the last quarter. Merrithew & Thorsten Inc acquired a new stake in shares of Calamos Convertible and High Income Fund in the 4th quarter valued at $251,000. D.A. Davidson & CO. lifted its position in shares of Calamos Convertible and High Income Fund by 50.5% during the 4th quarter. D.A. Davidson & CO. now owns 31,695 shares of the investment management company’s stock worth $358,000 after purchasing an additional 10,640 shares during the last quarter. Finally, Morse Asset Management Inc lifted its position in shares of Calamos Convertible and High Income Fund by 1.1% during the 4th quarter. Morse Asset Management Inc now owns 209,507 shares of the investment management company’s stock worth $2,370,000 after purchasing an additional 2,344 shares during 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.