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

Calamos Convertible and High Income Fund (NASDAQ:CHY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.74 and traded as high as $11.48. Calamos Convertible and High Income Fund shares last traded at $11.31, with a volume of 266,817 shares.

Calamos Convertible and High Income Fund Trading Down 1.0%

The stock has a fifty day moving average of $11.16 and a 200 day moving average of $10.74.

Calamos Convertible and High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, October 21st. Investors of record on Wednesday, October 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in Calamos Convertible and High Income Fund by 20.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,490 shares of the investment management company’s stock valued at $177,000 after acquiring an additional 2,971 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Calamos Convertible and High Income Fund in the first quarter valued at approximately $1,438,000. Golden State Wealth Management LLC increased its position in shares of Calamos Convertible and High Income Fund by 105.7% in the first quarter. Golden State Wealth Management LLC now owns 6,692 shares of the investment management company’s stock valued at $68,000 after buying an additional 3,439 shares in the last quarter. Greatmark Investment Partners Inc. increased its position in shares of Calamos Convertible and High Income Fund by 1.5% in the first quarter. Greatmark Investment Partners Inc. now owns 257,612 shares of the investment management company’s stock valued at $2,602,000 after buying an additional 3,923 shares in the last quarter. Finally, Morse Asset Management Inc increased its position in shares of Calamos Convertible and High Income Fund by 22.7% in the first quarter. Morse Asset Management Inc now owns 181,383 shares of the investment management company’s stock valued at $1,832,000 after buying an additional 33,553 shares in the last quarter.

Calamos Convertible and High Income Fund Company Profile

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.