Calamos Convertible and High Income Fund (NASDAQ:CHY) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Calamos Convertible and High Income Fund (NASDAQ:CHYGet Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.55 and traded as high as $12.78. Calamos Convertible and High Income Fund shares last traded at $12.67, with a volume of 137,631 shares.

Calamos Convertible and High Income Fund Trading Up 0.3%

The firm’s 50-day moving average price is $13.15 and its 200-day moving average price is $12.56.

Calamos Convertible and High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 21st. Shareholders of record on Monday, September 14th will be paid a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Monday, September 14th.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its position in shares of Calamos Convertible and High Income Fund by 175,137.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,186,577 shares of the investment management company’s stock valued at $115,210,000 after purchasing an additional 10,180,764 shares during the last quarter. LPL Financial LLC raised its holdings 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 valued at $16,726,000 after buying an additional 102,664 shares during the period. Wells Fargo & Company MN lifted its position in Calamos Convertible and High Income Fund by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,281,487 shares of the investment management company’s stock worth $14,494,000 after buying an additional 44,371 shares during the last quarter. Bank of America Corp DE lifted its position in Calamos Convertible and High Income Fund by 1.7% in the first quarter. Bank of America Corp DE now owns 1,255,952 shares of the investment management company’s stock worth $13,677,000 after buying an additional 20,872 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in Calamos Convertible and High Income Fund by 12.1% during the fourth quarter. Guggenheim Capital LLC now owns 719,274 shares of the investment management company’s stock worth $8,135,000 after buying an additional 77,789 shares during the period.

Calamos Convertible and High Income Fund Company Profile

(Get Free Report)

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.

Further Reading

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