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

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,558,575 shares, an increase of 143.5% from the July 30th total of 1,050,623 shares. Based on an average daily trading volume, of 764,313 shares, the short-interest ratio is presently 3.3 days. Approximately 4.7% of the shares of the company are short sold.

SPDR Bloomberg Convertible Securities ETF Stock Down 1.4%

Shares of SPDR Bloomberg Convertible Securities ETF stock traded down $1.45 on Friday, reaching $102.59. 235,575 shares of the company were exchanged, compared to its average volume of 944,555. SPDR Bloomberg Convertible Securities ETF has a 1-year low of $85.37 and a 1-year high of $112.02. The company’s 50-day moving average is $104.36 and its two-hundred day moving average is $101.01.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CWB. Liberty Atlantic Advisors LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at $457,000. LPL Financial LLC grew its position in shares of SPDR Bloomberg Convertible Securities ETF by 2.3% in the fourth quarter. LPL Financial LLC now owns 1,578,806 shares of the exchange traded fund’s stock valued at $140,830,000 after purchasing an additional 35,217 shares during the last quarter. Brindle & Bay Financial Advisors LLC lifted its position in shares of SPDR Bloomberg Convertible Securities ETF by 12.5% during the 1st quarter. Brindle & Bay Financial Advisors LLC now owns 56,593 shares of the exchange traded fund’s stock worth $5,179,000 after purchasing an additional 6,300 shares during the last quarter. UBS Group AG increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 1.4% during the 4th quarter. UBS Group AG now owns 481,658 shares of the exchange traded fund’s stock worth $42,964,000 after purchasing an additional 6,570 shares during the period. Finally, Dorsey Wright & Associates grew its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 603.9% during the 1st quarter. Dorsey Wright & Associates now owns 29,291 shares of the exchange traded fund’s stock worth $2,681,000 after purchasing an additional 25,130 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.