CBH Stock Summary and Trading Ideas (Allianzgi Conv & Income 2024 Target Term | NYSE:CBH)

. The Fund's investment objectives are to provide a high level of income and to return at least $9.835 per common share (the original net asset value per common share before deducting offering costs of $0.02 per share) (the Original NAV) to shareholders on or about its currently scheduled termination date of September 1, 2024. Pursuant to its limited term feature, the Fund intends, on or about September 1, 2024, to cease its investment operations, liquidate its portfolio (to the extent possible), retire or redeem any outstanding leverage facilities and distribute all its liquidated assets to its then record shareholders, unless the limited term is extended by the Funds Board of Trustees (for up to six months) and absent Trustee and shareholder approval to amend the limited term.

Allianzgi Conv & Income 2024 Target Term trades on the NYSE stock market under the symbol CBH.

As of April 26, 2024, CBH stock price climbed to $8.93 with 18,668 million shares trading.

CBH has a beta of 0.11, meaning it tends to be less sensitive to market movements. CBH has a correlation of 0.04 to the broad based SPY ETF.

CBH has a market cap of $163.09 million. This is considered a Micro Cap stock.

In the last 3 years, CBH stock traded as high as $11.05 and as low as $8.17.

CBH has underperformed the market in the last year with a return of +11.9%, while the SPY ETF gained +26.8%. In the last 3 month period, CBH fell short of the market, returning +3.4%, while SPY returned +4.5%. However, in the most recent 2 weeks CBH has outperformed the stock market by returning +1.4%, while SPY returned -1.9%.

CBH support price is $8.82 and resistance is $8.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CBH stock will trade within this expected range on the day.