Short Interest in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Expands By 41.8%

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 1,385,629 shares, an increase of 41.8% from the November 30th total of 977,358 shares. Based on an average trading volume of 577,431 shares, the days-to-cover ratio is presently 2.4 days. Currently, 2.7% of the company’s shares are sold short. Currently, 2.7% of the company’s shares are sold short. Based on an average trading volume of 577,431 shares, the days-to-cover ratio is presently 2.4 days.

SPDR Bloomberg Convertible Securities ETF Stock Performance

Shares of NYSEARCA:CWB traded down $0.44 during trading on Monday, reaching $89.98. 411,160 shares of the company traded hands, compared to its average volume of 600,237. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $70.56 and a 52-week high of $94.94. The business’s fifty day moving average is $90.60 and its 200-day moving average is $87.74.

Institutional Investors Weigh In On SPDR Bloomberg Convertible Securities ETF

Several institutional investors have recently added to or reduced their stakes in the company. Boyd Watterson Asset Management LLC OH purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at about $26,000. First Command Advisory Services Inc. bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter worth about $29,000. Mather Group LLC. purchased a new position in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at about $35,000. Caldwell Trust Co bought a new position in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter valued at approximately $33,000. Finally, Proffitt & Goodson Inc. purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the 2nd quarter worth approximately $36,000.

SPDR Bloomberg Convertible Securities ETF Company Profile

SPDR Barclays Convertible Securities ETF, formerly SPDR Barclays Capital Convertible Securities ETF, seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks United States convertible securities. In seeking to track the performance of the Barclays Capital U.S. Convertible Bond >$500MM Index (the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index.