Short Interest in SPDR Barclays Capital Convertible SecETF (CWB) Expands By 67.8%

SPDR Barclays Capital Convertible SecETF (NYSE:CWB) was the recipient of a significant increase in short interest in the month of September. As of September 29th, there was short interest totalling 1,441,346 shares, an increase of 67.8% from the September 15th total of 859,144 shares. Based on an average trading volume of 834,574 shares, the days-to-cover ratio is currently 1.7 days.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Montecito Bank & Trust raised its stake in shares of SPDR Barclays Capital Convertible SecETF by 6.1% in the second quarter. Montecito Bank & Trust now owns 238,364 shares of the exchange traded fund’s stock worth $11,828,000 after acquiring an additional 13,612 shares during the last quarter. Advisory Alpha LLC raised its stake in shares of SPDR Barclays Capital Convertible SecETF by 11.6% in the second quarter. Advisory Alpha LLC now owns 266,594 shares of the exchange traded fund’s stock worth $13,393,000 after acquiring an additional 27,726 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of SPDR Barclays Capital Convertible SecETF by 14.4% in the second quarter. Ameriprise Financial Inc. now owns 799,933 shares of the exchange traded fund’s stock worth $39,687,000 after acquiring an additional 100,863 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of SPDR Barclays Capital Convertible SecETF by 17.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,156,434 shares of the exchange traded fund’s stock worth $57,382,000 after acquiring an additional 168,681 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in shares of SPDR Barclays Capital Convertible SecETF by 6.0% in the second quarter. Oppenheimer & Co. Inc. now owns 121,444 shares of the exchange traded fund’s stock worth $6,026,000 after acquiring an additional 6,844 shares during the last quarter.

Shares of SPDR Barclays Capital Convertible SecETF (CWB) opened at 51.37 on Friday. SPDR Barclays Capital Convertible SecETF has a 1-year low of $44.20 and a 1-year high of $51.79. The company’s 50-day moving average is $51.17 and its 200 day moving average is $49.96.

The business also recently announced a monthly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Tuesday, October 3rd were paid a $0.1395 dividend. This represents a $1.67 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date was Monday, October 2nd.

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About SPDR Barclays Capital Convertible SecETF

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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