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

Calamos Convertible and High Income Fund (NASDAQ:CHY)’s share price passed 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.

Calamos Convertible and High Income Fund Trading Up 0.9%

The business’s 50 day moving average is $12.49 and its 200 day moving average is $11.92.

Calamos Convertible and High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 12th will be given a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Friday, June 12th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of Calamos Convertible and High Income Fund by 1.7% during the 1st quarter. Bank of America Corp DE now owns 1,255,952 shares of the investment management company’s stock worth $13,677,000 after acquiring an additional 20,872 shares during the last quarter. Compound Planning Inc. grew its position in Calamos Convertible and High Income Fund by 8.4% in the 1st quarter. Compound Planning Inc. now owns 72,285 shares of the investment management company’s stock valued at $787,000 after acquiring an additional 5,598 shares during the last quarter. Cetera Investment Advisers increased its stake in Calamos Convertible and High Income Fund by 13.7% in the first quarter. Cetera Investment Advisers now owns 149,380 shares of the investment management company’s stock worth $1,627,000 after purchasing an additional 18,036 shares during the period. Zhang Financial LLC purchased a new stake in Calamos Convertible and High Income Fund in the first quarter worth $129,000. Finally, Independent Financial Group LLC bought a new stake in shares of Calamos Convertible and High Income Fund during the first quarter worth $117,000.

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.