Calamos Convertible and High Income Fund (NASDAQ:CHY) Stock Price Passes Above 200-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 Friday . The stock has a 200-day moving average of $12.25 and traded as high as $13.18. Calamos Convertible and High Income Fund shares last traded at $13.04, with a volume of 241,346 shares traded.

Calamos Convertible and High Income Fund Stock Performance

The company has a 50-day moving average of $13.15 and a 200-day moving average of $12.25.

Calamos Convertible and High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 14th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 9.2%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its position in shares of Calamos Convertible and High Income Fund by 175,137.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,186,577 shares of the investment management company’s stock valued at $115,210,000 after acquiring an additional 10,180,764 shares during the period. LPL Financial LLC grew its stake in Calamos Convertible and High Income Fund by 7.5% during the 4th quarter. LPL Financial LLC now owns 1,478,856 shares of the investment management company’s stock valued at $16,726,000 after purchasing an additional 102,664 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Calamos Convertible and High Income Fund by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,281,487 shares of the investment management company’s stock valued at $14,494,000 after purchasing an additional 44,371 shares during the period. Bank of America Corp DE increased its holdings in shares of Calamos Convertible and High Income Fund by 1.7% in the first quarter. Bank of America Corp DE now owns 1,255,952 shares of the investment management company’s stock valued at $13,677,000 after purchasing an additional 20,872 shares during the period. Finally, Guggenheim Capital LLC raised its stake in shares of Calamos Convertible and High Income Fund by 12.1% in the fourth quarter. Guggenheim Capital LLC now owns 719,274 shares of the investment management company’s stock worth $8,135,000 after purchasing an additional 77,789 shares during 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.