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

Calamos Convertible and High Income Fund (NASDAQ:CHY)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.68 and traded as high as $12.54. Calamos Convertible and High Income Fund shares last traded at $12.37, with a volume of 134,087 shares traded.

Calamos Convertible and High Income Fund Stock Up 1.0 %

The firm’s 50 day moving average is $12.16 and its two-hundred day moving average is $11.69.

Calamos Convertible and High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 13th will be issued a $0.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a yield of 9.69%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHY. Pacific Wealth Strategies Group Inc. increased its position in shares of Calamos Convertible and High Income Fund by 10.0% in the third quarter. Pacific Wealth Strategies Group Inc. now owns 706,432 shares of the investment management company’s stock worth $8,428,000 after acquiring an additional 64,349 shares in the last quarter. International Assets Investment Management LLC boosted its position in Calamos Convertible and High Income Fund by 1,115.4% during the 3rd quarter. International Assets Investment Management LLC now owns 263,415 shares of the investment management company’s stock worth $31,430,000 after purchasing an additional 241,742 shares during the period. Cadent Capital Advisors LLC acquired a new stake in Calamos Convertible and High Income Fund in the 3rd quarter valued at $2,766,000. Burns J W & Co. Inc. NY raised its position in Calamos Convertible and High Income Fund by 17.5% in the third quarter. Burns J W & Co. Inc. NY now owns 220,918 shares of the investment management company’s stock valued at $2,636,000 after purchasing an additional 32,900 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Calamos Convertible and High Income Fund by 1.7% during the second quarter. Commonwealth Equity Services LLC now owns 161,865 shares of the investment management company’s stock worth $1,806,000 after purchasing an additional 2,751 shares in the last quarter.

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.