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

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 $12.25 and traded as high as $13.18. Calamos Convertible and High Income Fund shares last traded at $13.04, with a volume of 241,346 shares changing hands.

Calamos Convertible and High Income Fund Stock Down 1.6%

The stock’s 50-day moving average price is $13.15 and its 200 day moving average price is $12.25.

Calamos Convertible and High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 14th will be paid a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date is Tuesday, July 14th.

Institutional Trading of Calamos Convertible and High Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of CHY. NewEdge Advisors LLC raised its holdings in Calamos Convertible and High Income Fund by 9.4% during the first quarter. NewEdge Advisors LLC now owns 121,468 shares of the investment management company’s stock worth $1,227,000 after acquiring an additional 10,475 shares in the last quarter. Cerity Partners LLC bought a new position in Calamos Convertible and High Income Fund in the second quarter valued at approximately $186,000. Jane Street Group LLC acquired a new position in shares of Calamos Convertible and High Income Fund during the 2nd quarter worth approximately $265,000. Ameriprise Financial Inc. increased its position in shares of Calamos Convertible and High Income Fund by 7.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 169,991 shares of the investment management company’s stock worth $1,868,000 after purchasing an additional 12,053 shares during the last quarter. Finally, Morse Asset Management Inc increased its position in shares of Calamos Convertible and High Income Fund by 6.9% during the 2nd quarter. Morse Asset Management Inc now owns 193,970 shares of the investment management company’s stock worth $2,132,000 after purchasing an additional 12,587 shares during the last quarter.

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.