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. The fund employs both fundamental and quantitative analysis to create its portfolio. Calamos Convertible and High Income Fund was formed on March 12, 2003 and is domiciled in the United States.
Calamos Convertible and High Income Fund Trading Up 0.3 %
NASDAQ:CHY traded up $0.04 on Thursday, hitting $13.32. 162,502 shares of the stock traded hands, compared to its average volume of 185,152. The stock has a 50-day moving average of $11.96 and a 200 day moving average of $12.93. Calamos Convertible and High Income Fund has a twelve month low of $10.55 and a twelve month high of $17.09.
Calamos Convertible and High Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, August 19th. Shareholders of record on Friday, August 12th will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 9.01%. The ex-dividend date of this dividend is Thursday, August 11th.
Insider Buying and Selling at Calamos Convertible and High Income Fund
In other news, major shareholder Metlife Investment Management, acquired 740,000 shares of the business's stock in a transaction on Tuesday, May 24th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $18,500,000.00. Following the completion of the purchase, the insider now directly owns 740,000 shares of the company's stock, valued at approximately $18,500,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.