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)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.63 and traded as high as $11.38. Calamos Convertible and High Income Fund shares last traded at $11.32, with a volume of 222,211 shares trading hands.

Calamos Convertible and High Income Fund Stock Performance

The firm’s fifty day moving average price is $11.04 and its two-hundred day moving average price is $10.63.

Calamos Convertible and High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 21st. Investors of record on Wednesday, October 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 10.6%.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Institutional investors have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc grew its stake in Calamos Convertible and High Income Fund by 197.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,029 shares of the investment management company’s stock valued at $33,000 after acquiring an additional 2,012 shares during the period. Steel Grove Capital Advisors LLC acquired a new stake in Calamos Convertible and High Income Fund in the 1st quarter valued at $36,000. Steward Partners Investment Advisory LLC grew its stake in Calamos Convertible and High Income Fund by 170.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,274 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 2,691 shares during the period. GHP Investment Advisors Inc. acquired a new stake in Calamos Convertible and High Income Fund in the 2nd quarter valued at $59,000. Finally, Golden State Wealth Management LLC grew its stake in Calamos Convertible and High Income Fund by 105.7% in the 1st quarter. Golden State Wealth Management LLC now owns 6,692 shares of the investment management company’s stock valued at $68,000 after acquiring an additional 3,439 shares during the period.

Calamos Convertible and High Income Fund Company Profile

Calamos Convertible and High Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of convertible securities and high yield corporate bonds rated Ba or lower by Moody's or BB or lower by Standard & Poor's.