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

Calamos Convertible and High Income Fund (NASDAQ:CHY)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.94 and traded as high as $11.73. Calamos Convertible and High Income Fund shares last traded at $11.69, with a volume of 121,732 shares traded.

Calamos Convertible and High Income Fund Stock Up 0.1%

The firm’s 50-day moving average price is $11.37 and its two-hundred day moving average price is $10.94.

Calamos Convertible and High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 14th will be paid a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend is Friday, November 14th.

Institutional Trading of Calamos Convertible and High Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. AdvisorNet Financial Inc raised its position in Calamos Convertible and High Income Fund by 197.8% during the second quarter. AdvisorNet Financial Inc now owns 3,029 shares of the investment management company’s stock valued at $33,000 after buying an additional 2,012 shares during the period. TFC Financial Management Inc. acquired a new position in shares of Calamos Convertible and High Income Fund in the 3rd quarter valued at about $34,000. Steward Partners Investment Advisory LLC lifted its position in shares of Calamos Convertible and High Income Fund by 170.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 4,274 shares of the investment management company’s stock worth $47,000 after purchasing an additional 2,691 shares in the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Calamos Convertible and High Income Fund during the second quarter worth approximately $59,000. Finally, Koss Olinger Consulting LLC acquired a new stake in shares of Calamos Convertible and High Income Fund during the first quarter worth approximately $101,000.

About Calamos Convertible and High Income Fund

Calamos Convertible and High Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of convertible securities and high yield corporate bonds rated Ba or lower by Moody's or BB or lower by Standard & Poor's.