SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sees Large Growth in Short Interest

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 1,615,559 shares, a growth of 20.6% from the March 15th total of 1,340,135 shares. Based on an average daily trading volume, of 1,666,831 shares, the short-interest ratio is presently 1.0 days. Approximately 3.4% of the company’s shares are sold short.

Institutional Investors Weigh In On SPDR Bloomberg Convertible Securities ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stablepoint Partners LLC grew its stake in SPDR Bloomberg Convertible Securities ETF by 1.2% in the fourth quarter. Stablepoint Partners LLC now owns 9,164 shares of the exchange traded fund’s stock worth $817,000 after purchasing an additional 111 shares during the period. Money Concepts Capital Corp grew its stake in 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 purchasing an additional 112 shares during the period. Nvwm LLC grew its stake in SPDR Bloomberg Convertible Securities ETF by 4.6% in the third quarter. Nvwm LLC now owns 2,772 shares of the exchange traded fund’s stock worth $251,000 after purchasing an additional 121 shares during the period. Intrust Bank NA grew its stake in SPDR Bloomberg Convertible Securities ETF by 1.2% in the third quarter. Intrust Bank NA now owns 10,725 shares of the exchange traded fund’s stock worth $971,000 after purchasing an additional 125 shares during the period. Finally, Chicago Partners Investment Group LLC grew its stake in SPDR Bloomberg Convertible Securities ETF by 0.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 45,855 shares of the exchange traded fund’s stock worth $4,305,000 after purchasing an additional 125 shares during the period.

SPDR Bloomberg Convertible Securities ETF Price Performance

CWB opened at $100.51 on Friday. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $73.55 and a 52-week high of $100.89. The stock’s 50 day moving average price is $94.20 and its 200-day moving average price is $92.47.

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.