CHY Stock Summary and Trading Ideas (Calamos Conv & High Income | NASDAQ:CHY)

The Fund’s investment objective is to provide total return through a combination of capital appreciation and current income. Under normal circumstances, the Fund will invest at least 80% of its managed assets in a diversified portfolio of convertibles and non-convertible income securities. “Managed assets” means the Fund’s total assets (including any assets attributable to any leverage that may be outstanding) minus total liabilities (other than debt representing financial leverage). Calamos Convertible and High Income Fund (the “Fund”) was organized as a Delaware statutory trust on March 12, 2003 and is registered under the Investment Company Act of 1940 (the “1940 Act”) as a diversified, closed-end management investment company. The Fund commenced operations on May 28, 2003.

Calamos Conv & High Income trades on the NASDAQ stock market under the symbol CHY.

As of April 19, 2024, CHY stock price climbed to $11.13 with 199,801 million shares trading.

CHY has a beta of 0.94, meaning it tends to be less sensitive to market movements. CHY has a correlation of 0.35 to the broad based SPY ETF.

CHY has a market cap of $850.10 million. This is considered a Small Cap stock.

In the last 3 years, CHY stock traded as high as $17.09 and as low as $9.97.

CHY has underperformed the market in the last year with a return of +13.7%, while the SPY ETF gained +21.2%. In the last 3 month period, CHY fell short of the market, returning -0.6%, while SPY returned +4.3%. However, in the most recent 2 weeks CHY has outperformed the stock market by returning -0.5%, while SPY returned -3.5%.

CHY support price is $10.91 and resistance is $11.17 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CHY stock will trade within this expected range on the day.