Calamos Convertible and High Income Fund (NASDAQ:CHY) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Calamos Convertible and High Income Fund (NASDAQ:CHY) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Trading Down 0.4%

The business’s 50 day moving average price is $11.48 and its 200-day moving average price 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. Shareholders of record on Tuesday, December 30th will be given a $0.10 dividend. The ex-dividend date is Tuesday, December 30th. This represents a c) annualized dividend and a yield of 10.2%.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. AdvisorNet Financial Inc raised its position in shares of Calamos Convertible and High Income Fund by 197.8% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,029 shares of the investment management company’s stock worth $33,000 after purchasing an additional 2,012 shares during the last quarter. TFC Financial Management Inc. purchased a new position in shares of Calamos Convertible and High Income Fund in the 3rd quarter worth about $34,000. Steward Partners Investment Advisory LLC increased its position in shares of Calamos Convertible and High Income Fund by 170.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 4,274 shares of the investment management company’s stock worth $47,000 after acquiring an additional 2,691 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in shares of Calamos Convertible and High Income Fund in the second quarter worth about $59,000. Finally, Allworth Financial LP raised its stake in shares of Calamos Convertible and High Income Fund by 1,875.0% during the second quarter. Allworth Financial LP now owns 9,480 shares of the investment management company’s stock valued at $104,000 after purchasing an additional 9,000 shares during the period.

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.