SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Short Interest Up 21.8% in December

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 1,687,996 shares, a growth of 21.8% from the December 15th total of 1,385,629 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average daily volume of 696,064 shares, the short-interest ratio is currently 2.4 days. Based on an average daily volume of 696,064 shares, the short-interest ratio is currently 2.4 days. Currently, 3.3% of the shares of the company are sold short.

SPDR Bloomberg Convertible Securities ETF Stock Down 0.8%

SPDR Bloomberg Convertible Securities ETF stock opened at $93.11 on Wednesday. The stock has a 50-day moving average price of $90.43 and a 200 day moving average price of $88.99. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $70.56 and a 52 week high of $94.94.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

Several large investors have recently made changes to their positions in the business. M3 Advisory Group LLC boosted its position in SPDR Bloomberg Convertible Securities ETF by 1.7% during the second quarter. M3 Advisory Group LLC now owns 10,267 shares of the exchange traded fund’s stock worth $849,000 after acquiring an additional 167 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at about $5,260,000. Elevation Capital Advisory LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 2nd quarter worth approximately $3,112,000. Commonwealth Equity Services LLC boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 4.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 252,425 shares of the exchange traded fund’s stock worth $22,845,000 after purchasing an additional 10,483 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 73.7% during the 2nd quarter. ST Germain D J Co. Inc. now owns 2,143 shares of the exchange traded fund’s stock worth $177,000 after purchasing an additional 909 shares during 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.