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CI Canadian Convertible Bond ETF Common (TSE:CXF) Trading 0.3% Higher - Time to Buy?

CI Canadian Convertible Bond ETF Common logo with Manufacturing background

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.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of CI Canadian Convertible Bond ETF Common (TSE:CXF - Get Free Report) were up 0.3% on Tuesday . The company traded as high as C$10.30 and last traded at C$10.30. Approximately 100 shares traded hands during trading, a decline of 98% from the average daily volume of 4,201 shares. The stock had previously closed at C$10.27.

CI Canadian Convertible Bond ETF Common Stock Performance

The stock has a 50-day moving average price of C$10.29 and a two-hundred day moving average price of C$10.12.

About CI Canadian Convertible Bond ETF Common

(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.

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