Shares of CI Canadian Convertible Bond ETF Common (TSE:CXF – Get Free Report) traded down 0.4% on Friday. The stock traded as low as C$10.26 and last traded at C$10.31. Approximately 22,466 shares traded hands during mid-day trading, an increase of 129% from the average session volume of 9,827 shares. The stock had previously closed at C$10.35.
CI Canadian Convertible Bond ETF Common Trading Down 0.4%
The firm has a fifty day simple moving average of C$10.82 and a 200-day simple moving average of C$10.67.
About CI Canadian Convertible Bond ETF Common
The investment objectives of First Asset Canadian Convertible Bond ETF are to provide holders with (i) quarterly cash distributions, and (ii) the opportunity for capital appreciation by investing on a capitalization weighted basis in a portfolio (the Convertible Portfolio) of Convertible Bonds of Canadian issuers. The Convertible ETF will invest on a capitalization weighted basis in Convertible Bonds which meet the Eligibility Criteria. Capitalization weightings are determined on the basis of a Convertible Bonds relative market capitalization to the total market capitalization of Convertible Bonds included in the Convertible Portfolio, on initial investment and on quarterly rebalancings.
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