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

Calamos Convertible and High Income Fund (NASDAQ:CHY)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.36 and traded as high as $12.00. Calamos Convertible and High Income Fund shares last traded at $11.98, with a volume of 221,653 shares traded.

Calamos Convertible and High Income Fund Price Performance

The firm’s 50-day moving average price is $11.63 and its 200-day moving average price is $11.36.

Calamos Convertible and High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Friday, February 13th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 10.0%.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

Hedge funds have recently made changes to their positions in the stock. Chancellor Financial Group WB LP raised its stake in shares of Calamos Convertible and High Income Fund by 2.5% during the 4th quarter. Chancellor Financial Group WB LP now owns 35,605 shares of the investment management company’s stock valued at $403,000 after purchasing an additional 881 shares during the period. LifeWealth Investments LLC grew its holdings in Calamos Convertible and High Income Fund by 3.5% during the 3rd quarter. LifeWealth Investments LLC now owns 31,743 shares of the investment management company’s stock valued at $356,000 after buying an additional 1,075 shares in the last quarter. Meridian Wealth Management LLC increased its position in shares of Calamos Convertible and High Income Fund by 5.2% during the second quarter. Meridian Wealth Management LLC now owns 30,589 shares of the investment management company’s stock valued at $336,000 after buying an additional 1,521 shares during the period. Atria Wealth Solutions Inc. boosted its position in shares of Calamos Convertible and High Income Fund by 8.5% in the second quarter. Atria Wealth Solutions Inc. now owns 25,100 shares of the investment management company’s stock valued at $276,000 after acquiring an additional 1,964 shares during the period. Finally, Allworth Financial LP grew its stake in Calamos Convertible and High Income Fund by 21.1% during the third quarter. Allworth Financial LP now owns 11,482 shares of the investment management company’s stock valued at $129,000 after acquiring an additional 2,002 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.