Calamos Convertible and High Income Fund (NASDAQ:CHY) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Calamos Convertible and High Income Fund (NASDAQ:CHY) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.26 and traded as high as $11.75. Calamos Convertible and High Income Fund shares last traded at $11.69, with a volume of 322,365 shares.

Calamos Convertible and High Income Fund Trading Up 0.1%

The stock has a 50-day moving average price of $11.48 and a 200 day moving average price of $11.26.

Calamos Convertible and High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 9th. Stockholders of record on Tuesday, December 30th were paid a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Large investors have recently made changes to their positions in the stock. Penserra Capital Management LLC acquired a new position in shares of Calamos Convertible and High Income Fund in the third quarter valued at approximately $7,179,000. PMG Family Office LLC bought a new stake in Calamos Convertible and High Income Fund in the 3rd quarter valued at $1,193,000. Wolverine Asset Management LLC grew its holdings in Calamos Convertible and High Income Fund by 78.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 238,658 shares of the investment management company’s stock valued at $2,678,000 after buying an additional 104,858 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Calamos Convertible and High Income Fund by 59.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 226,683 shares of the investment management company’s stock valued at $2,491,000 after buying an additional 84,211 shares in the last quarter. Finally, StoneX Group Inc. bought a new position in Calamos Convertible and High Income Fund during the 2nd quarter worth $756,000.

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.