CI Canadian Convertible Bond ETF Common (TSE:CXF) Trading 1.4% Higher – Still a Buy?

CI Canadian Convertible Bond ETF Common (TSE:CXFGet Free Report) shares traded up 1.4% during trading on Thursday . The company traded as high as C$10.67 and last traded at C$10.67. 1,244 shares changed hands during trading, a decline of 77% from the average session volume of 5,377 shares. The stock had previously closed at C$10.52.

CI Canadian Convertible Bond ETF Common Trading Up 1.4%

The stock has a 50-day moving average of C$10.56 and a 200 day moving average of C$10.65.

CI Canadian Convertible Bond ETF Common Company Profile

(Get Free Report)

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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