CI Canadian Convertible Bond ETF Common (TSE:CXF) Trading Up 0.3% - Should You Buy?

Key Points

• Shares of the CI Canadian Convertible Bond ETF Common (TSE:CXF) increased by 0.3%, trading last at C$10.65, with a significant volume spike of 269% compared to the average daily shares traded.
• The ETF aims to provide quarterly cash distributions and potential capital appreciation through a portfolio of convertible bonds from Canadian issuers.
• The stock maintains a 50-day moving average price of C$10.66 and a 200-day moving average price of C$10.31, indicating relative stability in its trading performance.

Shares of CI Canadian Convertible Bond ETF Common (TSE:CXF - ) were up 0.3% on Thursday . The stock traded as high as C$10.70 and last traded at C$10.65. Approximately 17,300 shares changed hands during mid-day trading, an increase of 269% from the average daily volume of 4,683 shares. The stock had previously closed at C$10.62.

CI Canadian Convertible Bond ETF Common Stock Up 0.3%

The company has a 50 day moving average price of C$10.66 and a two-hundred day moving average price of C$10.31.

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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