CI Canadian Convertible Bond ETF Common (TSE:CXF) Shares Down 0.9% – Time to Sell?

CI Canadian Convertible Bond ETF Common (TSE:CXFGet Free Report)’s share price fell 0.9% during trading on Thursday . The stock traded as low as C$10.70 and last traded at C$10.70. 565 shares were traded during mid-day trading, a decline of 93% from the average session volume of 8,652 shares. The stock had previously closed at C$10.80.

CI Canadian Convertible Bond ETF Common Trading Up 1.1%

The business has a 50-day moving average of C$10.67 and a 200-day moving average of C$10.69.

About CI Canadian Convertible Bond ETF Common

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The investment objectives of First Asset Canadian Convertible Bond ETF are to provide holders with (i) quarterly cash distributions, and (ii) the opportunity for capital appreciation by investing on a capitalization weighted basis in a portfolio (the Convertible Portfolio) of Convertible Bonds of Canadian issuers. The Convertible ETF will invest on a capitalization weighted basis in Convertible Bonds which meet the Eligibility Criteria. Capitalization weightings are determined on the basis of a Convertible Bonds relative market capitalization to the total market capitalization of Convertible Bonds included in the Convertible Portfolio, on initial investment and on quarterly rebalancings.

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