Calamos Convertible and High Income Fund (NASDAQ:CHY) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Calamos Convertible and High Income Fund (NASDAQ:CHY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.63 and traded as high as $11.38. Calamos Convertible and High Income Fund shares last traded at $11.32, with a volume of 222,211 shares trading hands.

Calamos Convertible and High Income Fund Stock Up 0.5%

The firm’s fifty day moving average price is $11.04 and its 200 day moving average price is $10.63.

Calamos Convertible and High Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Wednesday, October 15th will be issued a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend is Wednesday, October 15th.

Institutional Trading of Calamos Convertible and High Income Fund

Several large investors have recently made changes to their positions in the business. Cornerstone Advisory LLC purchased a new position in shares of Calamos Convertible and High Income Fund during the 1st quarter valued at approximately $4,324,000. Landscape Capital Management L.L.C. purchased a new position in shares of Calamos Convertible and High Income Fund during the 1st quarter valued at approximately $2,690,000. Wolverine Asset Management LLC purchased a new position in shares of Calamos Convertible and High Income Fund during the 1st quarter valued at approximately $1,460,000. Janney Montgomery Scott LLC purchased a new position in shares of Calamos Convertible and High Income Fund during the 1st quarter valued at approximately $1,438,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Calamos Convertible and High Income Fund by 59.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 226,683 shares of the investment management company’s stock valued at $2,491,000 after purchasing an additional 84,211 shares in the last quarter.

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.