Calamos Convertible and High Income Fund (NASDAQ:CHY) Stock Price Passes Above 200 Day Moving Average of $11.68

Calamos Convertible and High Income Fund (NASDAQ:CHY – Get Rating) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.68 and traded as high as $12.34. Calamos Convertible and High Income Fund shares last traded at $12.31, with a volume of 126,946 shares trading hands.

Calamos Convertible and High Income Fund Stock Performance

The stock’s 50 day moving average is $11.50 and its 200 day moving average is $11.68.

Calamos Convertible and High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.75%. The ex-dividend date was Thursday, December 29th.

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. Cambridge Investment Research Advisors Inc. grew its stake in Calamos Convertible and High Income Fund by 13.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 60,346 shares of the investment management company’s stock valued at $851,000 after acquiring an additional 7,137 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Calamos Convertible and High Income Fund by 325.4% in the first quarter. PNC Financial Services Group Inc. now owns 40,343 shares of the investment management company’s stock worth $569,000 after purchasing an additional 30,859 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in shares of Calamos Convertible and High Income Fund in the first quarter worth $534,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Calamos Convertible and High Income Fund in the 1st quarter valued at about $153,000. Finally, Virtu Financial LLC bought a new stake in shares of Calamos Convertible and High Income Fund during the 1st quarter valued at about $215,000.

About Calamos Convertible and High Income Fund

(Get Rating)

Calamos Convertible & High Income Fund operates as a closed-end investment fund. It seeks total return through capital appreciation and current income by investing in a diversified portfolio of convertible securities and high yield corporate bonds. The company was founded on March 12, 2003 and is headquartered in Naperville, IL.