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CI Canadian Convertible Bond ETF Common (TSE:CXF) Trading Down 1.2% - Should You Sell?

CI Canadian Convertible Bond ETF Common logo with Manufacturing background

Key Points

  • CI Canadian Convertible Bond ETF (TSE:CXF) shares dropped by 1.2%, closing at C$10.62, with trading volume significantly down by 77% from the average.
  • The fund aims to provide investors with quarterly cash distributions and capital appreciation by investing in a portfolio of Convertible Bonds of Canadian issuers.
  • The stock is currently above its 50-day moving average of C$10.38 and its 200-day moving average of C$10.16, indicating some potential stability despite the recent decline.
  • Five stocks to consider instead of CI Canadian Convertible Bond ETF Common.

CI Canadian Convertible Bond ETF Common (TSE:CXF - Get Free Report) shares were down 1.2% during trading on Wednesday . The stock traded as low as C$10.62 and last traded at C$10.62. Approximately 1,000 shares traded hands during trading, a decline of 77% from the average daily volume of 4,443 shares. The stock had previously closed at C$10.75.

CI Canadian Convertible Bond ETF Common Stock Performance

The firm has a 50-day moving average price of C$10.38 and a 200 day moving average price of C$10.16.

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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