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

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 1,687,996 shares, a growth of 21.8% from the December 15th total of 1,385,629 shares. Currently, 3.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 696,064 shares, the short-interest ratio is presently 2.4 days. Based on an average daily trading volume, of 696,064 shares, the short-interest ratio is presently 2.4 days. Currently, 3.3% of the shares of the stock are sold short.

SPDR Bloomberg Convertible Securities ETF Stock Up 0.3%

Shares of CWB stock traded up $0.27 during midday trading on Monday, reaching $93.89. 401,318 shares of the company were exchanged, compared to its average volume of 813,510. The company’s 50 day moving average price is $90.38 and its two-hundred day moving average price is $88.84. SPDR Bloomberg Convertible Securities ETF has a 12 month low of $70.56 and a 12 month high of $94.94.

Hedge Funds Weigh In On SPDR Bloomberg Convertible Securities ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 43.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 205,107 shares of the exchange traded fund’s stock valued at $17,044,000 after purchasing an additional 61,779 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at $1,924,000. Silver Oak Securities Incorporated lifted its position in shares of SPDR Bloomberg Convertible Securities ETF by 45.3% during the 2nd quarter. Silver Oak Securities Incorporated now owns 5,182 shares of the exchange traded fund’s stock valued at $428,000 after acquiring an additional 1,616 shares during the last quarter. Sowell Financial Services LLC boosted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 4.0% during the 2nd quarter. Sowell Financial Services LLC now owns 27,510 shares of the exchange traded fund’s stock worth $2,274,000 after acquiring an additional 1,069 shares in the last quarter. Finally, Farrell Financial LLC grew its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 1.2% in the 2nd quarter. Farrell Financial LLC now owns 13,252 shares of the exchange traded fund’s stock worth $1,095,000 after acquiring an additional 159 shares during the last quarter.

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.