SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Short Interest Up 41.8% in December

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 1,385,629 shares, an increase of 41.8% from the November 30th total of 977,358 shares. Based on an average trading volume of 577,431 shares, the short-interest ratio is currently 2.4 days. Approximately 2.7% of the company’s stock are sold short. Approximately 2.7% of the company’s stock are sold short. Based on an average trading volume of 577,431 shares, the short-interest ratio is currently 2.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CWB. Jones Financial Companies Lllp increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 24.0% during the first quarter. Jones Financial Companies Lllp now owns 17,952 shares of the exchange traded fund’s stock valued at $1,375,000 after acquiring an additional 3,473 shares in the last quarter. Fortis Capital Advisors LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 1st quarter valued at $213,000. Belpointe Asset Management LLC boosted its stake in SPDR Bloomberg Convertible Securities ETF by 140.7% during the 1st quarter. Belpointe Asset Management LLC now owns 7,314 shares of the exchange traded fund’s stock valued at $561,000 after purchasing an additional 4,275 shares during the last quarter. Aletheian Wealth Advisors LLC increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 9.1% in the 2nd quarter. Aletheian Wealth Advisors LLC now owns 33,312 shares of the exchange traded fund’s stock worth $2,754,000 after purchasing an additional 2,787 shares in the last quarter. Finally, HMS Capital Management LLC raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 60.2% in the second quarter. HMS Capital Management LLC now owns 58,258 shares of the exchange traded fund’s stock worth $4,816,000 after purchasing an additional 21,891 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of CWB traded down $0.34 during trading hours on Tuesday, hitting $89.64. The company had a trading volume of 541,855 shares, compared to its average volume of 600,003. The firm has a fifty day moving average price of $90.49 and a 200-day moving average price of $87.87. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $70.56 and a 52-week high of $94.94.

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.