Calamos Convertible and High Income Fund (NASDAQ:CHY) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Calamos Convertible and High Income Fund (NASDAQ:CHY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.78 and traded as high as $13.13. Calamos Convertible and High Income Fund shares last traded at $13.10, with a volume of 140,669 shares trading hands.

Calamos Convertible and High Income Fund Stock Up 0.5%

The stock has a 50 day simple moving average of $12.07 and a 200-day simple moving average of $11.78.

Calamos Convertible and High Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were paid a $0.10 dividend. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date was Thursday, May 14th.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC purchased a new stake in Calamos Convertible and High Income Fund during the fourth quarter valued at $35,000. Arlington Capital Management Inc. purchased a new stake in Calamos Convertible and High Income Fund during the fourth quarter valued at $552,000. PMG Family Office LLC bought a new position in Calamos Convertible and High Income Fund during the third quarter valued at $1,193,000. Allworth Financial LP raised its stake in shares of Calamos Convertible and High Income Fund by 21.1% in 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 during the period. Finally, Morse Asset Management Inc raised its stake in shares of Calamos Convertible and High Income Fund by 6.8% in the third quarter. Morse Asset Management Inc now owns 207,163 shares of the investment management company’s stock valued at $2,324,000 after acquiring an additional 13,193 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.