CI Canadian Convertible Bond ETF Common (TSE:CXF) Shares Down 0.7% – Here’s Why

CI Canadian Convertible Bond ETF Common (TSE:CXF)’s stock price traded down 0.7% during trading on Wednesday . The stock traded as low as C$10.71 and last traded at C$10.71. 1,768 shares traded hands during trading, a decline of 37% from the average session volume of 2,800 shares. The stock had previously closed at C$10.79.

CI Canadian Convertible Bond ETF Common Price Performance

The firm has a fifty day moving average of C$10.64 and a 200-day moving average of C$10.65.

CI Canadian Convertible Bond ETF Common Company Profile

The investment objectives of First Asset Canadian Convertible Bond ETF are to provide holders with (i) quarterly cash distributions, and (ii) the opportunity for capital appreciation by investing on a capitalization weighted basis in a portfolio (the Convertible Portfolio) of Convertible Bonds of Canadian issuers. The Convertible ETF will invest on a capitalization weighted basis in Convertible Bonds which meet the Eligibility Criteria. Capitalization weightings are determined on the basis of a Convertible Bonds relative market capitalization to the total market capitalization of Convertible Bonds included in the Convertible Portfolio, on initial investment and on quarterly rebalancings.