SPDR Barclays Capital Convertible SecETF (CWB) Short Interest Update

SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) was the recipient of a significant drop in short interest in January. As of January 12th, there was short interest totalling 463,539 shares, a drop of 36.6% from the December 29th total of 730,850 shares. Based on an average daily volume of 1,162,192 shares, the days-to-cover ratio is presently 0.4 days.

Institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in SPDR Barclays Capital Convertible SecETF by 37.3% in the third quarter. Wells Fargo & Company MN now owns 3,197,097 shares of the exchange traded fund’s stock worth $163,276,000 after buying an additional 869,268 shares during the last quarter. Stifel Financial Corp lifted its position in SPDR Barclays Capital Convertible SecETF by 31.3% in the third quarter. Stifel Financial Corp now owns 206,464 shares of the exchange traded fund’s stock worth $10,562,000 after buying an additional 49,230 shares during the last quarter. Winfield Associates Inc. lifted its position in SPDR Barclays Capital Convertible SecETF by 2.7% in the third quarter. Winfield Associates Inc. now owns 87,359 shares of the exchange traded fund’s stock worth $4,461,000 after buying an additional 2,269 shares during the last quarter. MV Capital Management Inc. lifted its position in SPDR Barclays Capital Convertible SecETF by 5.1% in the third quarter. MV Capital Management Inc. now owns 114,216 shares of the exchange traded fund’s stock worth $5,833,000 after buying an additional 5,527 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc lifted its position in SPDR Barclays Capital Convertible SecETF by 18.6% in the third quarter. Mountain Capital Investment Advisors Inc now owns 85,964 shares of the exchange traded fund’s stock worth $4,390,000 after buying an additional 13,495 shares during the last quarter.

A number of research firms recently weighed in on CWB. Scotiabank reissued a “buy” rating and issued a $42.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 22nd. Canaccord Genuity reissued a “hold” rating and issued a $33.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a report on Tuesday, October 31st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $33.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 15th.

SPDR Barclays Capital Convertible SecETF (CWB) opened at $51.82 on Friday. SPDR Barclays Capital Convertible SecETF has a fifty-two week low of $47.03 and a fifty-two week high of $53.73.

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 7th. Investors of record on Friday, February 2nd will be given a $0.0819 dividend. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $0.98 dividend on an annualized basis and a yield of 1.90%.

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SPDR Barclays Capital Convertible SecETF 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.

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