CI Canadian Convertible Bond ETF Common (TSE:CXF) Stock Price Up 0.7% – Should You Buy?

Shares of CI Canadian Convertible Bond ETF Common (TSE:CXF) traded up 0.7% on Friday . The stock traded as high as C$10.82 and last traded at C$10.78. Approximately 624 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 8,912 shares. The stock had previously closed at C$10.70.

CI Canadian Convertible Bond ETF Common Price Performance

The company’s 50-day moving average price is C$10.88 and its two-hundred day moving average price is C$10.69.

CI Canadian Convertible Bond ETF Common Company Profile

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.