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

Calamos Convertible and High Income Fund (NASDAQ:CHY)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.98 and traded as high as $13.48. Calamos Convertible and High Income Fund shares last traded at $13.47, with a volume of 161,679 shares.

Calamos Convertible and High Income Fund Stock Up 2.0%

The stock has a fifty day moving average price of $12.64 and a two-hundred day moving average price of $11.98.

Calamos Convertible and High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 12th will be given a $0.10 dividend. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend is Friday, June 12th.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

A number of hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC bought a new stake in shares of Calamos Convertible and High Income Fund in the 4th quarter worth $35,000. CIBC Private Wealth Group LLC raised its holdings in shares of Calamos Convertible and High Income Fund by 205.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 5,829 shares of the investment management company’s stock valued at $66,000 after purchasing an additional 3,921 shares during the last quarter. United Financial Planning Group LLC bought a new position in shares of Calamos Convertible and High Income Fund during the third quarter valued at about $112,000. Independent Financial Group LLC bought a new position in shares of Calamos Convertible and High Income Fund during the first quarter valued at about $117,000. Finally, Allworth Financial LP boosted its holdings in Calamos Convertible and High Income Fund by 21.1% during the third quarter. Allworth Financial LP now owns 11,482 shares of the investment management company’s stock worth $129,000 after purchasing an additional 2,002 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.