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

Shares of Calamos Convertible and High Income Fund (NASDAQ:CHY) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.41 and traded as high as $13.37. Calamos Convertible and High Income Fund shares last traded at $13.33, with a volume of 122,438 shares traded.

Calamos Convertible and High Income Fund Price Performance

The firm’s 50-day moving average price is $13.15 and its 200-day moving average price is $12.42.

Calamos Convertible and High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 14th will be paid 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, August 14th.

Institutional Trading of Calamos Convertible and High Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of CHY. CIBC Private Wealth Group LLC increased its position in Calamos Convertible and High Income Fund by 205.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 5,829 shares of the investment management company’s stock valued at $66,000 after buying an additional 3,921 shares in the last quarter. Independent Financial Group LLC purchased a new stake in shares of Calamos Convertible and High Income Fund in the first quarter worth $117,000. Zhang Financial LLC purchased a new stake in shares of Calamos Convertible and High Income Fund in the first quarter worth $129,000. Envestnet Asset Management Inc. bought a new position in shares of Calamos Convertible and High Income Fund during the third quarter valued at $164,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Calamos Convertible and High Income Fund during the fourth quarter valued at $186,000.

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.