CI Canadian Convertible Bond ETF Common (TSE:CXF – Get Free Report)’s stock price dropped 0.6% during trading on Wednesday . The company traded as low as C$10.58 and last traded at C$10.58. Approximately 2,097 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 7,400 shares. The stock had previously closed at C$10.64.
CI Canadian Convertible Bond ETF Common Trading Down 0.6%
The firm’s 50-day moving average is C$10.67 and its two-hundred day moving average is C$10.71.
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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