SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Short Interest Update

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,208,977 shares, a decline of 20.3% from the February 12th total of 1,517,429 shares. Based on an average daily volume of 886,532 shares, the short-interest ratio is presently 1.4 days. Approximately 2.2% of the company’s stock are short sold. Approximately 2.2% of the company’s stock are short sold. Based on an average daily volume of 886,532 shares, the short-interest ratio is presently 1.4 days.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.0%

SPDR Bloomberg Convertible Securities ETF stock traded up $0.02 during mid-day trading on Friday, hitting $92.05. 629,178 shares of the company’s stock were exchanged, compared to its average volume of 851,593. SPDR Bloomberg Convertible Securities ETF has a 1-year low of $70.56 and a 1-year high of $96.17. The stock has a 50 day moving average of $93.70 and a two-hundred day moving average of $91.41.

SPDR Bloomberg Convertible Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.1465 per share. This is a boost from SPDR Bloomberg Convertible Securities ETF’s previous monthly dividend of $0.09. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 1.9%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. High Point Wealth Management LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF during the fourth quarter worth approximately $26,000. Arax Advisory Partners acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter worth $30,000. Caldwell Trust Co acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter worth $33,000. Mather Group LLC. bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth $36,000.

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.