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) passed 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 firm has a fifty day moving average of $11.87 and a two-hundred day moving average of $11.47.

Calamos Convertible and High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 15th were issued a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 10.03%. The ex-dividend date was Tuesday, October 15th.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in shares of Calamos Convertible and High Income Fund by 1,115.4% in 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 buying an additional 241,742 shares during the last quarter. Cadent Capital Advisors LLC bought a new stake in Calamos Convertible and High Income Fund in the third quarter valued at $2,766,000. Pacific Wealth Strategies Group Inc. increased its position in Calamos Convertible and High Income Fund by 10.0% during the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 706,432 shares of the investment management company’s stock valued at $8,428,000 after purchasing an additional 64,349 shares during the period. Burns J W & Co. Inc. NY raised its holdings in Calamos Convertible and High Income Fund by 28.1% in the 2nd quarter. Burns J W & Co. Inc. NY now owns 188,018 shares of the investment management company’s stock worth $2,098,000 after purchasing an additional 41,210 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Calamos Convertible and High Income Fund in the 2nd quarter worth about $290,000.

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.