Calamos Convertible and High Income Fund (NASDAQ:CHY) Shares Cross Above 200 Day Moving Average – Time to Sell?

Calamos Convertible and High Income Fund (NASDAQ:CHY)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.55 and traded as high as $12.00. Calamos Convertible and High Income Fund shares last traded at $11.90, with a volume of 148,662 shares traded.

Calamos Convertible and High Income Fund Stock Performance

The stock’s 50-day moving average is $11.65 and its two-hundred day moving average is $11.55.

Calamos Convertible and High Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 14th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, April 14th. This represents a c) annualized dividend and a yield of 10.1%.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

Institutional investors have recently bought and sold shares of the business. TFC Financial Management Inc. bought a new position in Calamos Convertible and High Income Fund during the third quarter valued at $34,000. CoreCap Advisors LLC bought a new position in Calamos Convertible and High Income Fund during the fourth quarter valued at $35,000. CIBC Private Wealth Group LLC lifted its position in Calamos Convertible and High Income Fund by 205.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 5,829 shares of the investment management company’s stock valued at $66,000 after purchasing an additional 3,921 shares during the last quarter. United Financial Planning Group LLC bought a new position in Calamos Convertible and High Income Fund during the third quarter valued at $112,000. Finally, Benjamin Edwards Inc. bought a new position in Calamos Convertible and High Income Fund during the third quarter valued at $118,000.

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.