Short Interest in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Declines By 53.1%

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

SPDR Bloomberg Convertible Securities ETF Stock Up 0.6%

CWB stock traded up $0.68 during mid-day trading on Tuesday, reaching $107.82. 403,106 shares of the stock traded hands, compared to its average volume of 1,056,981. The business has a 50-day moving average of $105.44 and a two-hundred day moving average of $97.44. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $81.85 and a 52 week high of $112.02.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

Institutional investors have recently bought and sold shares of the stock. High Point Wealth Management LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at about $26,000. Arax Advisory Partners acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF during the fourth quarter valued at $30,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at about $36,000. Western Wealth Management LLC bought a new position in SPDR Bloomberg Convertible Securities ETF in the first quarter valued at approximately $38,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the fourth quarter worth $39,000.

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.