On August 26, 2026, multiple insiders at CALAMOS CONVERTIBLE & HIGH INCOME FUND (CHY) executed significant share purchases. MetLife Investment Management, LLC was notably active, acquiring a combined total of 274,000 shares across several transactions, amounting to approximately $6.85 million. These purchases were made at a price of $25.00 per share.
This cluster of insider buying, with multiple transactions occurring around the same time, is often interpreted as a strong bullish signal by market observers. Such coordinated buying activity by individuals with insight into the fund's operations can suggest confidence in the company's future prospects.
CALAMOS CONVERTIBLE & HIGH INCOME FUND focuses on convertible securities and high-income investments. While the specific motivations behind these individual transactions are not disclosed, insider purchases are generally viewed as an indication of belief in the underlying value and performance potential of the fund.