Calamos Convertible and High Income Fund (NASDAQ:CHY) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Calamos Convertible and High Income Fund (NASDAQ:CHY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.80 and traded as high as $11.04. Calamos Convertible and High Income Fund shares last traded at $11.02, with a volume of 189,880 shares.

Calamos Convertible and High Income Fund Stock Up 0.3%

The company has a 50 day simple moving average of $10.48 and a 200-day simple moving average of $10.80.

Calamos Convertible and High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, June 12th were paid a $0.10 dividend. The ex-dividend date was Thursday, June 12th. This represents a $1.20 annualized dividend and a dividend yield of 10.89%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CHY. Legacy Wealth Management LLC MS increased its stake in Calamos Convertible and High Income Fund by 68.6% in the second quarter. Legacy Wealth Management LLC MS now owns 22,540 shares of the investment management company’s stock valued at $248,000 after purchasing an additional 9,175 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Calamos Convertible and High Income Fund by 9.4% in the 1st quarter. NewEdge Advisors LLC now owns 121,468 shares of the investment management company’s stock valued at $1,227,000 after buying an additional 10,475 shares during the period. Baird Financial Group Inc. bought a new stake in Calamos Convertible and High Income Fund in the 1st quarter valued at about $667,000. Landscape Capital Management L.L.C. acquired a new position in Calamos Convertible and High Income Fund during the 1st quarter worth approximately $2,690,000. Finally, SFI Advisors LLC raised its stake in Calamos Convertible and High Income Fund by 4.7% during the 1st quarter. SFI Advisors LLC now owns 69,817 shares of the investment management company’s stock worth $705,000 after buying an additional 3,105 shares during the period.

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.