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) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.76 and traded as high as $12.31. Calamos Convertible and High Income Fund shares last traded at $12.17, with a volume of 99,613 shares changing hands.

Calamos Convertible and High Income Fund Trading Down 1.1 %

The company has a fifty day moving average of $12.17 and a two-hundred day moving average of $11.76.

Calamos Convertible and High Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 9.86%. The ex-dividend date is Monday, December 30th.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC lifted its holdings in shares of Calamos Convertible and High Income Fund by 11.1% during the third quarter. Sanctuary Advisors LLC now owns 12,546 shares of the investment management company’s stock worth $155,000 after purchasing an additional 1,250 shares during the period. Sheets Smith Wealth Management increased its stake in shares of Calamos Convertible and High Income Fund by 8.5% in the third quarter. Sheets Smith Wealth Management now owns 26,597 shares of the investment management company’s stock valued at $317,000 after buying an additional 2,085 shares during the period. Financial Advocates Investment Management lifted its stake in shares of Calamos Convertible and High Income Fund by 10.5% in the third quarter. Financial Advocates Investment Management now owns 24,180 shares of the investment management company’s stock worth $288,000 after acquiring an additional 2,293 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Calamos Convertible and High Income Fund by 1.7% in the second quarter. Commonwealth Equity Services LLC now owns 161,865 shares of the investment management company’s stock valued at $1,806,000 after acquiring an additional 2,751 shares during the last quarter. Finally, Verus Capital Partners LLC increased its position in Calamos Convertible and High Income Fund by 22.5% during the 2nd quarter. Verus Capital Partners LLC now owns 15,893 shares of the investment management company’s stock valued at $177,000 after purchasing an additional 2,914 shares during the period.

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.