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

Calamos Convertible and High Income Fund (NASDAQ:CHY)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.46 and traded as high as $12.15. Calamos Convertible and High Income Fund shares last traded at $12.09, with a volume of 128,957 shares changing hands.

Calamos Convertible and High Income Fund Trading Up 0.8 %

The stock’s fifty day moving average price is $11.87 and its 200 day moving average price is $11.47.

Calamos Convertible and High Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 15th were paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 10.03%. The ex-dividend date of this dividend was Tuesday, October 15th.

Institutional Trading of Calamos Convertible and High Income Fund

Hedge funds have recently made changes to their positions in the stock. SteelPeak Wealth LLC purchased a new position in Calamos Convertible and High Income Fund during the first quarter valued at $118,000. Pacific Wealth Strategies Group Inc. raised its position in shares of Calamos Convertible and High Income Fund by 3.5% in the 1st quarter. Pacific Wealth Strategies Group Inc. now owns 623,405 shares of the investment management company’s stock worth $7,362,000 after purchasing an additional 20,903 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Calamos Convertible and High Income Fund by 39.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 16,375 shares of the investment management company’s stock worth $193,000 after purchasing an additional 4,629 shares during the last quarter. Cetera Advisors LLC bought a new position in Calamos Convertible and High Income Fund in the 1st quarter worth about $165,000. Finally, Midwest Financial Group LLC purchased a new stake in Calamos Convertible and High Income Fund during the 2nd quarter valued at about $117,000.

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.