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

Calamos Convertible and High Income Fund (NASDAQ:CHY)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.32 and traded as high as $12.99. Calamos Convertible and High Income Fund shares last traded at $12.69, with a volume of 194,699 shares traded.

Calamos Convertible and High Income Fund Trading Down 0.7%

The firm’s 50-day moving average price is $13.17 and its two-hundred day moving average price is $12.32.

Calamos Convertible and High Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 14th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 9.5%.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Several large investors have recently modified their holdings of the stock. Howard Financial Services LTD. acquired a new position in shares of Calamos Convertible and High Income Fund in the 2nd quarter worth approximately $254,000. Bank of America Corp DE boosted its stake in Calamos Convertible and High Income Fund by 1.7% in the 1st quarter. Bank of America Corp DE now owns 1,255,952 shares of the investment management company’s stock valued at $13,677,000 after buying an additional 20,872 shares in the last quarter. Compound Planning Inc. boosted its stake in Calamos Convertible and High Income Fund by 8.4% in the 1st quarter. Compound Planning Inc. now owns 72,285 shares of the investment management company’s stock valued at $787,000 after buying an additional 5,598 shares in the last quarter. Cetera Investment Advisers grew its position in Calamos Convertible and High Income Fund by 13.7% in the first quarter. Cetera Investment Advisers now owns 149,380 shares of the investment management company’s stock valued at $1,627,000 after acquiring an additional 18,036 shares during the period. Finally, Zhang Financial LLC bought a new stake in Calamos Convertible and High Income Fund in the first quarter valued at $129,000.

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.