SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Short Interest Update

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) was the recipient of a large growth in short interest in 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 short-interest ratio is presently 2.4 days. Approximately 3.3% of the company’s stock are sold short. Approximately 3.3% of the company’s stock are sold short. Based on an average trading volume of 696,064 shares, the short-interest ratio is presently 2.4 days.

SPDR Bloomberg Convertible Securities ETF Trading Down 0.5%

Shares of NYSEARCA CWB traded down $0.44 during mid-day trading on Tuesday, hitting $93.45. 220,632 shares of the stock traded hands, compared to its average volume of 760,350. The stock has a fifty day moving average price of $90.41 and a 200-day moving average price of $88.92. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $70.56 and a 52 week high of $94.94.

Institutional Investors Weigh In On SPDR Bloomberg Convertible Securities ETF

Several hedge funds have recently bought and sold shares of CWB. Boyd Watterson Asset Management LLC OH bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter valued at approximately $26,000. First Command Advisory Services Inc. bought a new position in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter valued at approximately $29,000. Caldwell Trust Co bought a new position in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter valued at approximately $33,000. Mather Group LLC. purchased a new position in SPDR Bloomberg Convertible Securities ETF during the third quarter valued at $35,000. Finally, Proffitt & Goodson Inc. bought a new stake in SPDR Bloomberg Convertible Securities ETF in the second quarter worth $36,000.

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.