Short Interest in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Expands By 143.5%

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,558,575 shares, an increase of 143.5% from the July 30th total of 1,050,623 shares. Approximately 4.7% of the company’s shares are sold short. Based on an average trading volume of 764,313 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 406.6% in the 4th quarter. Jane Street Group LLC now owns 548,444 shares of the exchange traded fund’s stock worth $48,921,000 after buying an additional 440,188 shares during the period. Ameriprise Financial Inc. increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 76.1% during the third quarter. Ameriprise Financial Inc. now owns 802,532 shares of the exchange traded fund’s stock valued at $72,599,000 after buying an additional 346,925 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 37.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 899,734 shares of the exchange traded fund’s stock valued at $81,426,000 after acquiring an additional 244,707 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 254.9% in the third quarter. Horizon Investments LLC now owns 301,023 shares of the exchange traded fund’s stock valued at $27,182,000 after acquiring an additional 216,213 shares in the last quarter. Finally, Aegis Wealth Management Inc. bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at about $12,287,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

Shares of SPDR Bloomberg Convertible Securities ETF stock traded down $1.58 on Friday, hitting $102.46. 424,604 shares of the company traded hands, compared to its average volume of 945,745. The stock’s 50 day moving average price is $104.19 and its 200-day moving average price is $101.02. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $85.37 and a 52 week high of $112.02.

SPDR Bloomberg Convertible Securities ETF Company Profile

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.