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

Posted by Marion Hillson on Dec 14th, 2024

Calamos Convertible and High Income Fund (NASDAQ:CHY – Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Calamos Convertible and High Income Fund Trading Up 1.0 %

The firm has a fifty day simple moving average of $12.16 and a 200-day simple moving average of $11.69.

Calamos Convertible and High Income Fund Dividend Announcement

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

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

Several large investors have recently modified their holdings of CHY. Larson Financial Group LLC acquired a new position in Calamos Convertible and High Income Fund in the second quarter worth $33,000. US Bancorp DE bought a new position in shares of Calamos Convertible and High Income Fund in the 3rd quarter worth about $42,000. Quad Cities Investment Group LLC acquired a new position in shares of Calamos Convertible and High Income Fund in the 3rd quarter valued at about $119,000. Insigneo Advisory Services LLC bought a new stake in shares of Calamos Convertible and High Income Fund during the 2nd quarter valued at about $125,000. Finally, Sanctuary Advisors LLC acquired a new stake in Calamos Convertible and High Income Fund during the second quarter worth about $128,000.

Calamos Convertible and High Income Fund Company Profile

(Get Free Report)

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.