Shares of CI Canadian Convertible Bond ETF Common (TSE:CXF – Get Free Report) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$10.66 and traded as high as C$10.87. CI Canadian Convertible Bond ETF Common shares last traded at C$10.80, with a volume of 13,574 shares trading hands.
CI Canadian Convertible Bond ETF Common Trading Up 0.5%
The stock’s fifty day simple moving average is C$10.63 and its two-hundred day simple moving average is C$10.66.
CI Canadian Convertible Bond ETF Common Company Profile
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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