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

Shares of Calamos Convertible and High Income Fund (NASDAQ:CHY) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.54 and traded as high as $11.66. Calamos Convertible and High Income Fund shares last traded at $11.43, with a volume of 172,741 shares.

Calamos Convertible and High Income Fund Trading Up 0.3%

The firm’s fifty day moving average is $11.76 and its 200 day moving average is $11.54.

Calamos Convertible and High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 13th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 10.5%.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

Several hedge funds have recently bought and sold shares of CHY. NewEdge Advisors LLC lifted its holdings in Calamos Convertible and High Income Fund by 9.4% during the 1st quarter. NewEdge Advisors LLC now owns 121,468 shares of the investment management company’s stock valued at $1,227,000 after buying an additional 10,475 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Calamos Convertible and High Income Fund by 26.6% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 99,541 shares of the investment management company’s stock worth $1,094,000 after acquiring an additional 20,909 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in Calamos Convertible and High Income Fund by 34.6% in the 2nd quarter. Insigneo Advisory Services LLC now owns 16,033 shares of the investment management company’s stock worth $176,000 after acquiring an additional 4,124 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of 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 worth $47,000 after acquiring an additional 2,691 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of Calamos Convertible and High Income Fund by 59.1% during the second quarter. Advisors Asset Management Inc. now owns 226,683 shares of the investment management company’s stock worth $2,491,000 after acquiring an additional 84,211 shares during the period.

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.