Four insiders at CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND (CHI) executed significant share purchases on August 26, 2026, totaling approximately $8.22 million. The transactions were made by MetLife Investment Management, LLC, which acquired a combined total of 329,000 shares at a uniform price of $25.00 per share.
These purchases represent substantial commitments to the fund by its insiders. The cluster buying activity, with multiple insiders buying shares within a short timeframe, is often interpreted as a strong bullish signal by market observers.
This collective buying by MetLife Investment Management, LLC comes amid a period where such insider purchases are frequently viewed as an indicator of confidence in the company's future prospects.