Calamos Convertible and High Income Fund (NASDAQ:CHY) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Calamos Convertible and High Income Fund (NASDAQ:CHY) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.17 and traded as high as $11.80. Calamos Convertible and High Income Fund shares last traded at $11.71, with a volume of 144,229 shares.

Calamos Convertible and High Income Fund Stock Performance

The company’s 50-day moving average is $11.48 and its 200 day moving average is $11.17.

Calamos Convertible and High Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 9th. Investors of record on Tuesday, December 30th will be issued a $0.10 dividend. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date is Tuesday, December 30th.

Institutional Trading of Calamos Convertible and High Income Fund

Several large investors have recently modified their holdings of the company. Penserra Capital Management LLC bought a new stake in shares of Calamos Convertible and High Income Fund during the 3rd quarter valued at $7,179,000. Landscape Capital Management L.L.C. purchased a new position in Calamos Convertible and High Income Fund in the first quarter worth about $2,690,000. PMG Family Office LLC bought a new stake in Calamos Convertible and High Income Fund during the third quarter worth approximately $1,193,000. Wolverine Asset Management LLC boosted its stake in Calamos Convertible and High Income Fund by 78.4% during the third quarter. Wolverine Asset Management LLC now owns 238,658 shares of the investment management company’s stock worth $2,678,000 after buying an additional 104,858 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in Calamos Convertible and High Income Fund by 59.1% in the second quarter. Advisors Asset Management Inc. now owns 226,683 shares of the investment management company’s stock worth $2,491,000 after purchasing an additional 84,211 shares during the last quarter.

About Calamos Convertible and High Income Fund

The Calamos Convertible and High Income Fund (NASDAQ: CHY) is a closed-end investment company managed by Calamos Investments. The fund seeks to deliver high current income and total return through a diversified portfolio of convertible securities and high-yield debt instruments. By blending growth potential from equity-linked convertibles with income generation from corporate and structured credit, the fund aims to offer investors a balanced approach to return enhancement and downside mitigation.

CHY’s portfolio typically includes investment-grade and below-investment-grade convertible bonds, convertible preferred stocks, senior loans and high-yield bonds issued by companies across a range of industries.