Short Interest in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Rises By 21.8%

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 1,687,996 shares, a growth of 21.8% from the December 15th total of 1,385,629 shares. Based on an average trading volume of 696,064 shares, the days-to-cover ratio is presently 2.4 days. Currently, 3.3% of the company’s stock are sold short. Currently, 3.3% of the company’s stock are sold short. Based on an average trading volume of 696,064 shares, the days-to-cover ratio is presently 2.4 days.

SPDR Bloomberg Convertible Securities ETF Price Performance

CWB traded up $0.27 during trading on Monday, reaching $93.89. 401,318 shares of the stock traded hands, compared to its average volume of 813,510. The stock’s 50-day simple moving average is $90.38 and its two-hundred day simple moving average is $88.84. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $70.56 and a fifty-two week high of $94.94.

Institutional Investors Weigh In On SPDR Bloomberg Convertible Securities ETF

Several large investors have recently made changes to their positions in CWB. Stablepoint Partners LLC raised its position in SPDR Bloomberg Convertible Securities ETF by 1.2% during the fourth quarter. Stablepoint Partners LLC now owns 9,164 shares of the exchange traded fund’s stock valued at $817,000 after acquiring an additional 111 shares in the last quarter. Nvwm LLC grew its position in SPDR Bloomberg Convertible Securities ETF by 4.6% in the third quarter. Nvwm LLC now owns 2,772 shares of the exchange traded fund’s stock worth $251,000 after acquiring an additional 121 shares in the last quarter. Intrust Bank NA increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 1.2% during the 3rd quarter. Intrust Bank NA now owns 10,725 shares of the exchange traded fund’s stock worth $971,000 after purchasing an additional 125 shares during the last quarter. Absolute Capital Management LLC increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 4.5% during the 3rd quarter. Absolute Capital Management LLC now owns 3,064 shares of the exchange traded fund’s stock worth $277,000 after purchasing an additional 132 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 0.8% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 18,237 shares of the exchange traded fund’s stock valued at $1,650,000 after purchasing an additional 146 shares in the last quarter.

About SPDR Bloomberg Convertible Securities ETF

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.