Calamos Convertible and High Income Fund (NASDAQ:CHY) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Calamos Convertible and High Income Fund (NASDAQ:CHY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.43 and traded as high as $12.15. Calamos Convertible and High Income Fund shares last traded at $12.10, with a volume of 91,820 shares trading hands.

Calamos Convertible and High Income Fund Price Performance

The company has a 50-day simple moving average of $11.79 and a 200-day simple moving average of $11.43.

Calamos Convertible and High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 15th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.92%.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

Large investors have recently modified their holdings of the stock. Cadent Capital Advisors LLC bought a new position in Calamos Convertible and High Income Fund in the third quarter valued at about $2,766,000. Burns J W & Co. Inc. NY boosted its stake in shares of Calamos Convertible and High Income Fund by 39.7% in the 1st quarter. Burns J W & Co. Inc. NY now owns 146,808 shares of the investment management company’s stock valued at $1,734,000 after purchasing an additional 41,743 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Calamos Convertible and High Income Fund during the 2nd quarter worth approximately $290,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Calamos Convertible and High Income Fund during the 2nd quarter worth approximately $235,000. Finally, Pacific Wealth Strategies Group Inc. raised its stake in shares of Calamos Convertible and High Income Fund by 3.5% during the first quarter. Pacific Wealth Strategies Group Inc. now owns 623,405 shares of the investment management company’s stock worth $7,362,000 after buying an additional 20,903 shares during the last quarter.

About Calamos Convertible and High Income Fund

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.