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

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,558,575 shares, a growth of 143.5% from the July 30th total of 1,050,623 shares. Approximately 4.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 764,313 shares, the days-to-cover ratio is currently 3.3 days.

Institutional Investors Weigh In On SPDR Bloomberg Convertible Securities ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd boosted its stake in SPDR Bloomberg Convertible Securities ETF by 66.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 4,913 shares of the exchange traded fund’s stock worth $406,000 after acquiring an additional 1,961 shares during the last quarter. NewEdge Advisors LLC grew its stake in SPDR Bloomberg Convertible Securities ETF by 374.1% in the second quarter. NewEdge Advisors LLC now owns 50,337 shares of the exchange traded fund’s stock valued at $4,161,000 after acquiring an additional 39,719 shares during the period. Diversify Advisory Services LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth approximately $216,000. Diversify Wealth Management LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF in the 2nd quarter worth $344,000. Finally, Raymond James Financial Inc. boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 7.4% during the second quarter. Raymond James Financial Inc. now owns 362,992 shares of the exchange traded fund’s stock worth $30,005,000 after buying an additional 25,039 shares during the period.

SPDR Bloomberg Convertible Securities ETF Price Performance

NYSEARCA:CWB traded down $1.45 on Friday, reaching $102.59. The stock had a trading volume of 235,575 shares, compared to its average volume of 944,555. The stock has a fifty day moving average price of $104.36 and a 200-day moving average price of $101.01. SPDR Bloomberg Convertible Securities ETF has a 1-year low of $85.37 and a 1-year high of $112.02.

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.