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

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 1,165,901 shares, a drop of 53.1% from the May 31st total of 2,487,182 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,192,179 shares, the days-to-cover ratio is presently 1.0 days.

SPDR Bloomberg Convertible Securities ETF Stock Down 1.8%

Shares of CWB traded down $1.97 during mid-day trading on Wednesday, hitting $105.85. 762,276 shares of the stock were exchanged, compared to its average volume of 1,054,604. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $82.00 and a 52-week high of $112.02. The firm has a 50-day moving average of $105.69 and a two-hundred day moving average of $97.66.

Institutional Investors Weigh In On SPDR Bloomberg Convertible Securities ETF

Several large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its position in SPDR Bloomberg Convertible Securities ETF by 1.0% during the first quarter. Bank of America Corp DE now owns 2,654,014 shares of the exchange traded fund’s stock valued at $242,895,000 after purchasing an additional 26,717 shares during the last quarter. LPL Financial LLC increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 2.3% in the 4th quarter. LPL Financial LLC now owns 1,578,806 shares of the exchange traded fund’s stock worth $140,830,000 after buying an additional 35,217 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of SPDR Bloomberg Convertible Securities ETF by 3.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,483,024 shares of the exchange traded fund’s stock valued at $132,286,000 after buying an additional 48,840 shares in the last quarter. Bessemer Group Inc. raised its position in shares of SPDR Bloomberg Convertible Securities ETF by 7.4% during the 1st quarter. Bessemer Group Inc. now owns 1,215,879 shares of the exchange traded fund’s stock valued at $111,278,000 after buying an additional 83,758 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 15.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,042,121 shares of the exchange traded fund’s stock valued at $92,957,000 after acquiring an additional 142,387 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.