Calamos Convertible and High Income Fund (NASDAQ:CHY) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Calamos Convertible and High Income Fund (NASDAQ:CHY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.29 and traded as high as $11.79. Calamos Convertible and High Income Fund shares last traded at $11.77, with a volume of 192,308 shares traded.

Calamos Convertible and High Income Fund Price Performance

The stock has a 50-day moving average price of $11.49 and a two-hundred day moving average price of $11.29.

Calamos Convertible and High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, January 9th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC bought a new position in Calamos Convertible and High Income Fund in the third quarter worth about $7,179,000. Greenberg Financial Group bought a new position in shares of Calamos Convertible and High Income Fund in the 4th quarter worth approximately $2,276,000. PMG Family Office LLC purchased a new position in shares of Calamos Convertible and High Income Fund in the 3rd quarter valued at approximately $1,193,000. Wolverine Asset Management LLC boosted its position in shares of Calamos Convertible and High Income Fund by 78.4% during the third quarter. Wolverine Asset Management LLC now owns 238,658 shares of the investment management company’s stock valued at $2,678,000 after purchasing an additional 104,858 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted 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 valued at $2,491,000 after purchasing an additional 84,211 shares in the last quarter.

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.