CI Canadian Convertible Bond ETF Common (TSE:CXF) Shares Up 0.3% - Still a Buy?

Key Points

• CI Canadian Convertible Bond ETF Common (TSE:CXF) saw its stock price increase by 0.3% to C$10.30, despite significant trading volume decline of 98% from the average.
• The fund aims to provide holders with quarterly cash distributions and potential capital appreciation through an investment in Canadian Convertible Bonds.
• The stock's fifty-day moving average is C$10.28, indicating it is currently trading slightly above this average price.

CI Canadian Convertible Bond ETF Common (TSE:CXF - )'s stock price shot up 0.3% during trading on Tuesday . The company traded as high as C$10.30 and last traded at C$10.30. 100 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 4,201 shares. The stock had previously closed at C$10.27.

CI Canadian Convertible Bond ETF Common Price Performance

The stock's fifty day moving average is C$10.28 and its 200 day moving average is C$10.11.

About CI Canadian Convertible Bond ETF Common

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.

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