Calamos Convertible and High Income Fund (NASDAQ:CHY) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of 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 $12.05 and traded as high as $13.26. Calamos Convertible and High Income Fund shares last traded at $13.1760, with a volume of 79,926 shares traded.

Calamos Convertible and High Income Fund Trading Down 1.2%

The stock has a 50-day moving average of $12.81 and a 200 day moving average of $12.05.

Calamos Convertible and High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 12th were paid a $0.10 dividend. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date was Friday, June 12th.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Calamos Convertible and High Income Fund by 175,137.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,186,577 shares of the investment management company’s stock worth $115,210,000 after buying an additional 10,180,764 shares during the period. Greenberg Financial Group purchased a new stake in Calamos Convertible and High Income Fund during the 4th quarter valued at about $2,276,000. PMG Family Office LLC bought a new position in Calamos Convertible and High Income Fund during the 3rd quarter worth approximately $1,193,000. LPL Financial LLC grew its position in Calamos Convertible and High Income Fund by 7.5% during the 4th quarter. LPL Financial LLC now owns 1,478,856 shares of the investment management company’s stock worth $16,726,000 after acquiring an additional 102,664 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in Calamos Convertible and High Income Fund by 12.1% in the 4th quarter. Guggenheim Capital LLC now owns 719,274 shares of the investment management company’s stock worth $8,135,000 after purchasing an additional 77,789 shares during the period.

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.