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

Shares of Calamos Convertible and High Income Fund (NASDAQ:CHY) passed 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 Trading Up 0.8%

The business has a fifty day moving average of $13.07 and a 200 day moving average of $12.20.

Calamos Convertible and High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 14th will be paid a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 8.7%. The ex-dividend date is Tuesday, July 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CHY. CoreCap Advisors LLC acquired a new stake in Calamos Convertible and High Income Fund during the 4th quarter valued at $35,000. CIBC Private Wealth Group LLC increased its holdings in shares of Calamos Convertible and High Income Fund by 205.5% in 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 purchasing an additional 3,921 shares during the last quarter. United Financial Planning Group LLC bought a new position in shares of Calamos Convertible and High Income Fund in the third quarter valued at about $112,000. Independent Financial Group LLC bought a new position in shares of Calamos Convertible and High Income Fund in the first quarter valued at about $117,000. Finally, Allworth Financial LP lifted its stake in shares of Calamos Convertible and High Income Fund by 21.1% during the 3rd 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 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.