MetLife Investment Management, LLC bought $20M of CHY
owner at CALAMOS CONVERTIBLE & HIGH INCOME FUND. 800,000 shares at an average of $25.00, traded Sep 9, 2024, filed Sep 11, 2024.
Score components
- +12Role10% owner
- +25Trade size$20.0M at market
- +8Relative to holdingsFirst purchase: no shares before this trade
- 0Price contextNear the top of the 52-week range
- 0ClusterNo other insider buying within 14 days
- 0Repeat buyingFirst buy in 90 days
- +5Track recordMedian 6-month excess return +5% over 3 past buys
- -5Outside holderA 10% owner who is not an officer or director
What happened after comparable buys
Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.
This signal so far: 1m +6.7%, 3m +10.6%, 6m -6.0%.
Price around the trade, and since
From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.
Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™
Rows in this filing
Every transaction in Form 4 0000905148-24-002542, as filed. Open on EDGAR
| Date | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|
| Sep 9, 2024 | POpen-market purchase Series G Mandatory Redeemable Preferred Sharesindirect: See Footnotes | +624,000 | $25.00 | $16M | 624,000 | Sep 11, 2024 |
| Sep 9, 2024 | POpen-market purchase Series G Mandatory Redeemable Preferred Sharesindirect: See Footnotes | +68,000 | $25.00 | $1.7M | 68,000 | Sep 11, 2024 |
| Sep 9, 2024 | POpen-market purchase Series G Mandatory Redeemable Preferred Sharesindirect: See Footnotes | +108,000 | $25.00 | $2.7M | 108,000 | Sep 11, 2024 |
Related signals
Other insiders at CALAMOS CONVERTIBLE & HIGH INCOME FUND and this insider’s other filings.
| Score | Company | Insider | Value | Holdings | Filed |
|---|---|---|---|---|---|
| 45Moderate | CHYbuy CALAMOS CONVERTIBLE & HIGH INCOME FUND | MetLife Investment Management, LLC owner | $7.3M 290,000 shares | - | |
| 35Weak | CHYsell CALAMOS CONVERTIBLE & HIGH INCOME FUND | Mark Mickey FormerChief Compliance Officer | $22k 2,000 shares | -100% | |
| 20Weak | CHYsell CALAMOS CONVERTIBLE & HIGH INCOME FUND | Mark Mickey Chief Compliance Officer | $5,944 500 shares | -20% |
Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.