SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 497,685 shares, a decline of 73.3% from the November 15th total of 1,864,199 shares. Based on an average daily trading volume, of 405,940 shares, the days-to-cover ratio is presently 1.2 days.

Several large investors have recently modified their holdings of CWB. Parkside Financial Bank & Trust bought a new stake in shares of SPDR Barclays Capital Convertible SecETF during the 3rd quarter valued at approximately $102,000. BB&T Investment Services Inc. bought a new stake in shares of SPDR Barclays Capital Convertible SecETF during the 2nd quarter valued at approximately $108,000. Alken Asset Management Ltd. bought a new stake in shares of SPDR Barclays Capital Convertible SecETF during the 2nd quarter valued at approximately $118,000. UBS Asset Management Americas Inc. grew its holdings in shares of SPDR Barclays Capital Convertible SecETF by 12.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,680 shares of the exchange traded fund’s stock valued at $133,000 after purchasing an additional 293 shares during the last quarter. Finally, Advisory Services Network LLC grew its holdings in shares of SPDR Barclays Capital Convertible SecETF by 54.5% during the 2nd quarter. Advisory Services Network LLC now owns 2,907 shares of the exchange traded fund’s stock valued at $144,000 after purchasing an additional 1,025 shares during the last quarter.

SPDR Barclays Capital Convertible SecETF (CWB) opened at $50.87 on Friday. SPDR Barclays Capital Convertible SecETF has a 12-month low of $45.44 and a 12-month high of $52.67.

The company also recently announced a monthly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 20th will be given a $0.7507 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This is a boost from SPDR Barclays Capital Convertible SecETF’s previous monthly dividend of $0.13. This represents a $9.01 annualized dividend and a dividend yield of 17.71%.

Several brokerages have recently commented on CWB. Scotiabank restated a “buy” rating and issued a $42.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a research report on Wednesday, November 22nd. BMO Capital Markets restated a “hold” rating and issued a $33.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a research report on Wednesday, November 15th. Finally, Canaccord Genuity restated a “hold” rating and issued a $33.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a research report on Tuesday, October 31st.

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SPDR Barclays Capital Convertible SecETF 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.

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