Calamos Convertible and High Income Fund (NASDAQ:CHY) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

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 $11.59 and traded as high as $12.26. Calamos Convertible and High Income Fund shares last traded at $12.26, with a volume of 227,884 shares traded.

Calamos Convertible and High Income Fund Trading Up 1.7%

The business has a fifty day moving average price of $11.69 and a 200-day moving average price of $11.59.

Calamos Convertible and High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 14th will be issued a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date is Tuesday, April 14th.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

A number of institutional investors have recently made changes to their positions in CHY. TFC Financial Management Inc. bought a new stake in shares of Calamos Convertible and High Income Fund during the third quarter worth approximately $34,000. CoreCap Advisors LLC bought a new stake in shares of Calamos Convertible and High Income Fund during the fourth quarter worth approximately $35,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Calamos Convertible and High Income Fund by 205.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 5,829 shares of the investment management company’s stock worth $66,000 after acquiring an additional 3,921 shares during the period. United Financial Planning Group LLC bought a new stake in shares of Calamos Convertible and High Income Fund during the third quarter worth approximately $112,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of Calamos Convertible and High Income Fund during the third quarter worth approximately $118,000.

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.