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

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) was the recipient of a large growth in short interest in 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. Currently, 4.7% of the shares of the stock are short sold. Based on an average trading volume of 764,313 shares, the days-to-cover ratio is presently 3.3 days.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of CWB stock traded down $1.58 during trading hours on Friday, reaching $102.46. 424,604 shares of the company were exchanged, compared to its average volume of 945,745. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $85.37 and a fifty-two week high of $112.02. The stock’s fifty day moving average is $104.19 and its two-hundred day moving average is $101.02.

Hedge Funds Weigh In On SPDR Bloomberg Convertible Securities ETF

Several institutional investors have recently modified their holdings of CWB. HB Wealth Management LLC raised its position in shares of SPDR Bloomberg Convertible Securities ETF by 1.1% during the 2nd quarter. HB Wealth Management LLC now owns 10,414 shares of the exchange traded fund’s stock valued at $1,123,000 after buying an additional 110 shares in the last quarter. Money Concepts Capital Corp increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 3.5% in the fourth quarter. Money Concepts Capital Corp now owns 3,343 shares of the exchange traded fund’s stock worth $298,000 after buying an additional 112 shares during the period. Powell Investment Advisors LLC boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 0.4% during the fourth quarter. Powell Investment Advisors LLC now owns 30,662 shares of the exchange traded fund’s stock worth $2,735,000 after purchasing an additional 133 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 0.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 18,237 shares of the exchange traded fund’s stock valued at $1,650,000 after buying an additional 146 shares during the period. Finally, Captrust Financial Advisors boosted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 0.6% during the 4th quarter. Captrust Financial Advisors now owns 32,285 shares of the exchange traded fund’s stock valued at $2,880,000 after purchasing an additional 203 shares in 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.