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

Calamos Convertible and High Income Fund (NASDAQ:CHY – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.98 and traded as high as $13.48. Calamos Convertible and High Income Fund shares last traded at $13.47, with a volume of 161,679 shares trading hands.

Calamos Convertible and High Income Fund Stock Performance

The company has a 50-day moving average price of $12.68 and a 200-day moving average price of $11.99.

Get Calamos Convertible and High Income Fund alerts:

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 paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a c) annualized dividend and a yield of 8.9%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC acquired a new position in shares of Calamos Convertible and High Income Fund during the fourth quarter valued at $35,000. CIBC Private Wealth Group LLC lifted its holdings in Calamos Convertible and High Income Fund by 205.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 5,829 shares of the investment management company’s stock worth $66,000 after purchasing an additional 3,921 shares during the period. United Financial Planning Group LLC acquired a new stake in Calamos Convertible and High Income Fund in the third quarter worth about $112,000. Independent Financial Group LLC bought a new position in Calamos Convertible and High Income Fund in the 1st quarter valued at about $117,000. Finally, Allworth Financial LP grew its position in Calamos Convertible and High Income Fund by 21.1% in the 3rd quarter. Allworth Financial LP now owns 11,482 shares of the investment management company’s stock valued at $129,000 after buying an additional 2,002 shares in the last quarter.

About Calamos Convertible and High Income Fund

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than Calamos Convertible and High Income Fund
• Beyond the AI Trade: 3 Defensive Stocks Built for Stability
• MarketBeat Week in Review – 06/15 – 06/19
• Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
• Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom

Receive News & Ratings for Calamos Convertible and High Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calamos Convertible and High Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.