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

Shares of Calamos Convertible and High Income Fund (NASDAQ:CHY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.59 and traded as high as $12.94. Calamos Convertible and High Income Fund shares last traded at $12.72, with a volume of 143,750 shares trading hands.

Calamos Convertible and High Income Fund Stock Performance

The company has a fifty day simple moving average of $13.07 and a 200-day simple moving average of $12.59.

Calamos Convertible and High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 21st. Investors of record on Monday, September 14th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in shares of Calamos Convertible and High Income Fund by 19.4% in the second quarter. NewEdge Advisors LLC now owns 94,848 shares of the investment management company’s stock worth $1,292,000 after purchasing an additional 15,421 shares during the period. Baird Financial Group Inc. raised its position in shares of Calamos Convertible and High Income Fund by 29.7% during the 2nd quarter. Baird Financial Group Inc. now owns 151,082 shares of the investment management company’s stock valued at $2,058,000 after purchasing an additional 34,611 shares during the period. Howard Financial Services LTD. purchased a new position in shares of Calamos Convertible and High Income Fund during the 2nd quarter valued at $254,000. Bank of America Corp DE lifted its stake in shares of Calamos Convertible and High Income Fund by 1.7% during the 1st quarter. Bank of America Corp DE now owns 1,255,952 shares of the investment management company’s stock valued at $13,677,000 after buying an additional 20,872 shares in the last quarter. Finally, Compound Planning Inc. boosted its holdings in Calamos Convertible and High Income Fund by 8.4% in the 1st quarter. Compound Planning Inc. now owns 72,285 shares of the investment management company’s stock worth $787,000 after buying an additional 5,598 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.