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

Shares of Calamos Convertible and High Income Fund (NASDAQ:CHY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.05 and traded as high as $13.26. Calamos Convertible and High Income Fund shares last traded at $13.1760, with a volume of 79,926 shares trading hands.

Calamos Convertible and High Income Fund Stock Down 1.2%

The stock’s 50 day moving average is $12.81 and its two-hundred day moving average is $12.05.

Calamos Convertible and High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 12th were issued a $0.10 dividend. The ex-dividend date was Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 9.1%.

Hedge Funds Weigh In On Calamos Convertible and High Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Beacon Pointe Advisors LLC raised its stake in Calamos Convertible and High Income Fund by 11.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 41,004 shares of the investment management company’s stock worth $464,000 after buying an additional 4,288 shares in the last quarter. Jane Street Group LLC bought a new stake in Calamos Convertible and High Income Fund during the 2nd quarter valued at $265,000. Susquehanna International Group LLP bought a new stake in Calamos Convertible and High Income Fund during the 3rd quarter valued at $201,000. Envestnet Asset Management Inc. bought a new stake in Calamos Convertible and High Income Fund during the 3rd quarter valued at $164,000. Finally, Bank of America Corp DE increased its holdings in shares of Calamos Convertible and High Income Fund by 1.7% in the 1st quarter. Bank of America Corp DE now owns 1,255,952 shares of the investment management company’s stock valued at $13,677,000 after acquiring an additional 20,872 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.