CI Canadian Convertible Bond ETF Common (TSE:CXF) Shares Up 1.5% – Time to Buy?

CI Canadian Convertible Bond ETF Common (TSE:CXFGet Free Report) traded up 1.5% during mid-day trading on Tuesday . The stock traded as high as C$10.65 and last traded at C$10.65. 1,262 shares were traded during trading, a decline of 48% from the average session volume of 2,439 shares. The stock had previously closed at C$10.49.

CI Canadian Convertible Bond ETF Common Stock Performance

The company has a 50-day simple moving average of C$10.69 and a 200-day simple moving average of C$10.61.

CI Canadian Convertible Bond ETF Common Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for CI Canadian Convertible Bond ETF Common Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CI Canadian Convertible Bond ETF Common and related companies with MarketBeat.com's FREE daily email newsletter.