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 stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Calamos Convertible and High Income Fund Stock Performance

The firm has a 50-day simple moving average of $13.15 and a two-hundred day simple moving average of $12.25.

Calamos Convertible and High Income Fund Announces Dividend

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 issued a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Tuesday, July 14th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. CoreCap Advisors LLC acquired a new stake in shares of Calamos Convertible and High Income Fund during the 4th quarter worth approximately $35,000. CIBC Private Wealth Group LLC boosted its holdings 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 worth $66,000 after buying an additional 3,921 shares in the last quarter. Independent Financial Group LLC acquired a new stake in Calamos Convertible and High Income Fund during the first quarter valued at $117,000. Allworth Financial LP grew its position 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 buying an additional 2,002 shares during the period. Finally, Zhang Financial LLC purchased a new position in Calamos Convertible and High Income Fund in the first quarter valued at $129,000.

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.