SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sees Large Volume Increase – Here’s Why

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) shares saw strong trading volume on Thursday . 1,889,355 shares traded hands during mid-day trading, an increase of 209% from the previous session’s volume of 612,184 shares.The stock last traded at $78.27 and had previously closed at $78.56.

SPDR Bloomberg Convertible Securities ETF Price Performance

The stock’s 50 day simple moving average is $79.25 and its two-hundred day simple moving average is $75.38.

Hedge Funds Weigh In On SPDR Bloomberg Convertible Securities ETF

Hedge funds have recently added to or reduced their stakes in the company. First Heartland Consultants Inc. boosted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 49.7% in the 2nd quarter. First Heartland Consultants Inc. now owns 5,622 shares of the exchange traded fund’s stock valued at $405,000 after purchasing an additional 1,867 shares during the last quarter. Arkos Global Advisors boosted its stake in SPDR Bloomberg Convertible Securities ETF by 2.1% in the second quarter. Arkos Global Advisors now owns 70,130 shares of the exchange traded fund’s stock valued at $5,054,000 after acquiring an additional 1,442 shares during the last quarter. Goodman Advisory Group LLC grew its holdings in SPDR Bloomberg Convertible Securities ETF by 16,007.9% during the 2nd quarter. Goodman Advisory Group LLC now owns 154,153 shares of the exchange traded fund’s stock worth $11,108,000 after acquiring an additional 153,196 shares during the period. Duncan Williams Asset Management LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at $395,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at $77,000.

About SPDR Bloomberg Convertible Securities ETF

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.