Short Interest in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Drops By 53.1%

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,165,901 shares, a drop of 53.1% from the May 31st total of 2,487,182 shares. Based on an average trading volume of 1,192,179 shares, the short-interest ratio is currently 1.0 days. Approximately 2.1% of the shares of the stock are sold short.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

Several large investors have recently added to or reduced their stakes in CWB. High Point Wealth Management LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at $26,000. Arax Advisory Partners acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth approximately $30,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at $36,000. Western Wealth Management LLC bought a new position in SPDR Bloomberg Convertible Securities ETF in the 1st quarter worth about $38,000. Finally, Highline Wealth Partners LLC bought a new position in SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth approximately $39,000.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.6%

Shares of CWB traded up $0.68 during mid-day trading on Tuesday, reaching $107.82. 403,106 shares of the company’s stock were exchanged, compared to its average volume of 1,056,981. The company has a 50-day simple moving average of $105.44 and a two-hundred day simple moving average of $97.44. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $81.85 and a 52-week high of $112.02.

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.