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

Calamos Convertible and High Income Fund (NASDAQ:CHY)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.45 and traded as high as $12.04. Calamos Convertible and High Income Fund shares last traded at $11.99, with a volume of 103,017 shares.

Calamos Convertible and High Income Fund Price Performance

The stock has a 50-day moving average price of $11.77 and a 200 day moving average price of $11.46.

Calamos Convertible and High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, February 23rd. Stockholders of record on Friday, February 13th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Several hedge funds have recently modified their holdings of CHY. TFC Financial Management Inc. acquired a new position in shares of Calamos Convertible and High Income Fund in the 3rd quarter valued at $34,000. CoreCap Advisors LLC purchased a new position in shares of Calamos Convertible and High Income Fund in the 4th quarter worth $35,000. Steward Partners Investment Advisory LLC boosted its holdings in Calamos Convertible and High Income Fund by 170.0% in the second 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 last quarter. GHP Investment Advisors Inc. purchased a new stake in Calamos Convertible and High Income Fund during the second quarter valued at about $59,000. Finally, CIBC Private Wealth Group LLC increased its stake in Calamos Convertible and High Income Fund by 205.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 5,829 shares of the investment management company’s stock worth $66,000 after acquiring an additional 3,921 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.