Calamos Convertible and High Income Fund (NASDAQ:CHY) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Calamos Convertible and High Income Fund (NASDAQ:CHY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.50 and traded as high as $11.80. Calamos Convertible and High Income Fund shares last traded at $11.56, with a volume of 311,615 shares trading hands.

Calamos Convertible and High Income Fund Price Performance

The company has a 50-day simple moving average of $11.77 and a 200-day simple moving average of $11.50.

Calamos Convertible and High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%.

Institutional Trading of Calamos Convertible and High Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. TFC Financial Management Inc. purchased a new stake in Calamos Convertible and High Income Fund during the third quarter worth about $34,000. CoreCap Advisors LLC purchased a new position in Calamos Convertible and High Income Fund in the fourth quarter valued at about $35,000. Steward Partners Investment Advisory LLC lifted its position in shares of Calamos Convertible and High Income Fund by 170.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,274 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 2,691 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of Calamos Convertible and High Income Fund by 205.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 5,829 shares of the investment management company’s stock valued at $66,000 after acquiring an additional 3,921 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Calamos Convertible and High Income Fund by 1,875.0% during the 2nd quarter. Allworth Financial LP now owns 9,480 shares of the investment management company’s stock worth $104,000 after acquiring an additional 9,000 shares in the last quarter.

Calamos Convertible and High Income Fund Company Profile

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.