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 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.45 and traded as high as $12.04. Calamos Convertible and High Income Fund shares last traded at $11.99, with a volume of 103,017 shares.

Calamos Convertible and High Income Fund Trading Down 0.6%

The business’s 50-day moving average price is $11.77 and its 200 day moving average price is $11.45.

Calamos Convertible and High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 23rd. Investors of record on Friday, February 13th were given a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 10.0%. The ex-dividend date was Friday, February 13th.

Institutional Trading of Calamos Convertible and High Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. TFC Financial Management Inc. purchased a new position in shares of Calamos Convertible and High Income Fund during the third quarter worth about $34,000. CoreCap Advisors LLC bought a new stake in Calamos Convertible and High Income Fund during the fourth quarter valued at approximately $35,000. Steward Partners Investment Advisory LLC lifted its position in Calamos Convertible and High Income Fund by 170.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 4,274 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 2,691 shares during the last quarter. GHP Investment Advisors Inc. purchased a new position in Calamos Convertible and High Income Fund in the 2nd quarter worth approximately $59,000. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Calamos Convertible and High Income Fund by 205.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 5,829 shares of the investment management company’s stock worth $66,000 after buying an additional 3,921 shares during 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.