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

Calamos Convertible and High Income Fund (NASDAQ:CHY) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.80 and traded as high as $12.02. Calamos Convertible and High Income Fund shares last traded at $12.00, with a volume of 171,635 shares.

Calamos Convertible and High Income Fund Price Performance

The stock’s fifty day simple moving average is $12.16 and its 200-day simple moving average is $11.80.

Calamos Convertible and High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.20 annualized dividend and a yield of 10.00%.

Institutional Trading of Calamos Convertible and High Income Fund

Several large investors have recently bought and sold shares of the company. Larson Financial Group LLC acquired a new position in shares of Calamos Convertible and High Income Fund during the 2nd quarter worth approximately $33,000. US Bancorp DE purchased a new position in Calamos Convertible and High Income Fund during the third quarter worth $42,000. Quad Cities Investment Group LLC acquired a new position in shares of Calamos Convertible and High Income Fund in the third quarter worth $119,000. Insigneo Advisory Services LLC purchased a new stake in shares of Calamos Convertible and High Income Fund in the second quarter valued at $125,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Calamos Convertible and High Income Fund during the second quarter valued at $128,000.

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.