Calamos Convertible and High Income Fund (NASDAQ:CHY) Share Price Crosses Above 200-Day Moving Average of $11.68

Calamos Convertible and High Income Fund (NASDAQ:CHY – Get Rating)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.68 and traded as high as $12.34. Calamos Convertible and High Income Fund shares last traded at $12.31, with a volume of 126,946 shares traded.

Calamos Convertible and High Income Fund Price Performance

The stock’s fifty day moving average is $11.50 and its two-hundred day moving average is $11.68.

Calamos Convertible and High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $1.20 annualized dividend and a yield of 9.75%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CHY. Pacific Wealth Strategies Group Inc. increased its stake in Calamos Convertible and High Income Fund by 20.4% in the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 444,743 shares of the investment management company’s stock valued at $4,487,000 after buying an additional 75,426 shares during the last quarter. Connectus Wealth LLC purchased a new stake in shares of Calamos Convertible and High Income Fund during the second quarter valued at approximately $560,000. Advisors Asset Management Inc. lifted its holdings in Calamos Convertible and High Income Fund by 5.4% during the third quarter. Advisors Asset Management Inc. now owns 933,913 shares of the investment management company’s stock worth $9,423,000 after acquiring an additional 47,447 shares during the period. Wolverine Asset Management LLC purchased a new position in Calamos Convertible and High Income Fund in the third quarter worth $457,000. Finally, Citadel Advisors LLC bought a new position in Calamos Convertible and High Income Fund in the 2nd quarter valued at $492,000.

Calamos Convertible and High Income Fund Company Profile

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Calamos Convertible & High Income Fund operates as a closed-end investment fund. It seeks total return through capital appreciation and current income by investing in a diversified portfolio of convertible securities and high yield corporate bonds. The company was founded on March 12, 2003 and is headquartered in Naperville, IL.