Calamos Convertible and High Income Fund (NASDAQ:CHY) Shares Pass 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 Wednesday . The stock has a two hundred day moving average of $11.90 and traded as high as $12.92. Calamos Convertible and High Income Fund shares last traded at $12.67, with a volume of 155,350 shares traded.

Calamos Convertible and High Income Fund Trading Down 0.9%

The company has a fifty day moving average price of $12.41 and a 200 day moving average price of $11.90.

Calamos Convertible and High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 12th will be given a $0.10 dividend. The ex-dividend date is Friday, June 12th. This represents a c) dividend on an annualized basis and a yield of 9.5%.

Institutional Trading of Calamos Convertible and High Income Fund

Hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC bought a new stake in Calamos Convertible and High Income Fund in the 4th quarter worth approximately $35,000. CIBC Private Wealth Group LLC lifted its position in Calamos Convertible and High Income Fund by 205.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 5,829 shares of the investment management company’s stock worth $66,000 after buying an additional 3,921 shares during the last quarter. United Financial Planning Group LLC bought a new stake in Calamos Convertible and High Income Fund in the 3rd quarter worth approximately $112,000. Independent Financial Group LLC bought a new stake in Calamos Convertible and High Income Fund in the 1st quarter worth approximately $117,000. Finally, Allworth Financial LP lifted its position in Calamos Convertible and High Income Fund by 21.1% in the 3rd quarter. Allworth Financial LP now owns 11,482 shares of the investment management company’s stock worth $129,000 after buying an additional 2,002 shares during the last quarter.

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.