Calamos Convertible and High Income Fund (NASDAQ:CHY) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Calamos Convertible and High Income Fund (NASDAQ:CHY)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Calamos Convertible and High Income Fund Stock Performance

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

Calamos Convertible and High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 14th were issued a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend was Tuesday, July 14th.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

A number of large investors have recently bought and sold shares of CHY. Northwestern Mutual Wealth Management Co. raised its position in Calamos Convertible and High Income Fund by 175,137.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,186,577 shares of the investment management company’s stock valued at $115,210,000 after purchasing an additional 10,180,764 shares during the last quarter. Greenberg Financial Group bought a new stake in shares of Calamos Convertible and High Income Fund during the fourth quarter worth $2,276,000. LPL Financial LLC increased its stake in shares of Calamos Convertible and High Income Fund by 7.5% in the fourth quarter. LPL Financial LLC now owns 1,478,856 shares of the investment management company’s stock valued at $16,726,000 after buying an additional 102,664 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Calamos Convertible and High Income Fund by 12.1% in the fourth quarter. Guggenheim Capital LLC now owns 719,274 shares of the investment management company’s stock valued at $8,135,000 after buying an additional 77,789 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of Calamos Convertible and High Income Fund by 169.0% in the first quarter. Kestra Advisory Services LLC now owns 88,481 shares of the investment management company’s stock valued at $964,000 after buying an additional 55,590 shares during 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.