Calamos Convertible and High Income Fund (NASDAQ:CHY) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Calamos Convertible and High Income Fund (NASDAQ:CHY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.18 and traded as high as $13.67. Calamos Convertible and High Income Fund shares last traded at $13.64, with a volume of 218,504 shares changing hands.

Calamos Convertible and High Income Fund Price Performance

The business has a fifty day moving average of $13.04 and a 200-day moving average of $12.18.

Calamos Convertible and High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 14th will be paid a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Tuesday, July 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its position in shares of Calamos Convertible and High Income Fund by 175,137.9% during the fourth 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. LPL Financial LLC boosted its stake in Calamos Convertible and High Income Fund by 7.5% during the 4th quarter. LPL Financial LLC now owns 1,478,856 shares of the investment management company’s stock valued at $16,726,000 after purchasing an additional 102,664 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Calamos Convertible and High Income Fund by 3.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,281,487 shares of the investment management company’s stock worth $14,494,000 after purchasing an additional 44,371 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Calamos Convertible and High Income Fund by 1.7% in the first quarter. Bank of America Corp DE now owns 1,255,952 shares of the investment management company’s stock worth $13,677,000 after purchasing an additional 20,872 shares during the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Calamos Convertible and High Income Fund by 12.1% in the fourth quarter. Guggenheim Capital LLC now owns 719,274 shares of the investment management company’s stock worth $8,135,000 after purchasing an additional 77,789 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.