Short Interest in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Declines By 15.1%

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) saw a significant decline in short interest during the month of 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. Currently, 2.7% of the company’s stock are sold short. Based on an average daily trading volume, of 802,333 shares, the short-interest ratio is currently 1.8 days. Based on an average daily trading volume, of 802,333 shares, the short-interest ratio is currently 1.8 days. Currently, 2.7% of the company’s stock are sold short.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.6%

NYSEARCA CWB opened at $94.51 on Monday. The company has a fifty day moving average price of $92.18 and a 200-day moving average price of $90.20. SPDR Bloomberg Convertible Securities ETF has a 1 year low of $70.56 and a 1 year high of $96.17.

SPDR Bloomberg Convertible Securities ETF Cuts Dividend

The firm also recently disclosed 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 was Monday, February 2nd.

Hedge Funds Weigh In On SPDR Bloomberg Convertible Securities ETF

Several institutional investors have recently added to or reduced their stakes in the stock. High Point Wealth Management LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at approximately $26,000. Boyd Watterson Asset Management LLC OH purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the second quarter worth $26,000. Arax Advisory Partners bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at $30,000. First Command Advisory Services Inc. bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at $29,000. Finally, Mather Group LLC. purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at $35,000.

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.