Short Interest in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Decreases By 15.1%

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 1,449,856 shares, a decline of 15.1% from the January 15th total of 1,708,211 shares. Approximately 2.7% of the company’s shares are short sold. Based on an average daily trading volume, of 802,333 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily trading volume, of 802,333 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.7% of the company’s shares are short sold.

SPDR Bloomberg Convertible Securities ETF Stock Up 0.2%

NYSEARCA:CWB traded up $0.15 during trading hours on Tuesday, hitting $94.66. The stock had a trading volume of 226,499 shares, compared to its average volume of 757,418. SPDR Bloomberg Convertible Securities ETF has a one year low of $70.56 and a one year high of $96.17. The business’s 50 day moving average is $92.26 and its 200-day moving average is $90.27.

SPDR Bloomberg Convertible Securities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.0862 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 1.1%.

Institutional Investors Weigh In On SPDR Bloomberg Convertible Securities ETF

A number of hedge funds have recently modified their holdings of CWB. US Bancorp DE grew its position in shares of SPDR Bloomberg Convertible Securities ETF by 19.9% in the 2nd quarter. US Bancorp DE now owns 10,570 shares of the exchange traded fund’s stock valued at $874,000 after purchasing an additional 1,752 shares during the period. International Assets Investment Management LLC lifted its stake in SPDR Bloomberg Convertible Securities ETF by 27.6% in the second quarter. International Assets Investment Management LLC now owns 4,521 shares of the exchange traded fund’s stock valued at $374,000 after buying an additional 977 shares in the last quarter. Elevation Capital Advisory LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at approximately $3,112,000. Avidian Wealth Enterprises LLC increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 3.3% during the second quarter. Avidian Wealth Enterprises LLC now owns 4,949 shares of the exchange traded fund’s stock worth $409,000 after acquiring an additional 157 shares in the last quarter. Finally, Triton Financial Group Inc bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter worth $260,000.

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.