SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Short Interest Down 15.1% in January

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 1,449,856 shares, a decline of 15.1% from the January 15th total of 1,708,211 shares. Based on an average daily trading volume, of 802,333 shares, the days-to-cover ratio is currently 1.8 days. Currently, 2.7% of the shares of the stock are sold short. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 802,333 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

A number of hedge funds have recently made changes to their positions in the stock. Focus Partners Wealth grew its position in SPDR Bloomberg Convertible Securities ETF by 12.1% in the fourth quarter. Focus Partners Wealth now owns 19,795 shares of the exchange traded fund’s stock worth $1,766,000 after acquiring an additional 2,140 shares in the last quarter. Hudson Portfolio Management LLC lifted its stake in SPDR Bloomberg Convertible Securities ETF by 6.0% during the fourth quarter. Hudson Portfolio Management LLC now owns 28,177 shares of the exchange traded fund’s stock worth $2,513,000 after purchasing an additional 1,591 shares during the last quarter. Arax Advisory Partners purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth about $30,000. CreativeOne Wealth LLC boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 63.2% in the 4th quarter. CreativeOne Wealth LLC now owns 25,676 shares of the exchange traded fund’s stock worth $2,290,000 after purchasing an additional 9,940 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 1.9% during the 4th quarter. Kestra Advisory Services LLC now owns 28,495 shares of the exchange traded fund’s stock valued at $2,542,000 after purchasing an additional 526 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of NYSEARCA CWB opened at $94.51 on Monday. The business has a 50-day moving average of $92.18 and a 200-day moving average of $90.20. SPDR Bloomberg Convertible Securities ETF has a 12 month low of $70.56 and a 12 month high of $96.17.

SPDR Bloomberg Convertible Securities ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.0862 dividend. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, February 2nd.

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.