CI Canadian Convertible Bond ETF Common (TSE:CXF) Trading Down 0.6% - What's Next?

Key Points

• TSE:CXF fell 0.6% mid-day to C$10.58 (from a C$10.64 close) with only about 2,097 shares traded, a roughly 72% drop versus its average daily volume of 7,400 shares.
• The ETF is trading below its 50-day (C$10.67) and 200-day (C$10.71) simple moving averages, indicating it is slightly weaker than its recent short- and long-term averages.
• The fund seeks to provide quarterly cash distributions and potential capital appreciation by investing in a capitalization-weighted, quarterly-rebalanced portfolio of Canadian convertible bonds.

CI Canadian Convertible Bond ETF Common (TSE:CXF - )'s stock price dropped 0.6% during mid-day trading on Wednesday . The stock traded as low as C$10.58 and last traded at C$10.58. Approximately 2,097 shares traded hands during trading, a decline of 72% from the average daily volume of 7,400 shares. The stock had previously closed at C$10.64.

CI Canadian Convertible Bond ETF Common Price Performance

The business has a 50 day simple moving average of C$10.67 and a 200 day simple moving average of C$10.71.

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. 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.

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