CI Canadian Convertible Bond ETF Common (TSE:CXF – Get Free Report) shot up 0.2% on Friday . The company traded as high as C$10.92 and last traded at C$10.86. 2,879 shares changed hands during trading, a decline of 33% from the average session volume of 4,275 shares. The stock had previously closed at C$10.84.
CI Canadian Convertible Bond ETF Common Price Performance
The stock has a 50-day moving average price of C$10.68 and a 200-day moving average price of C$10.63.
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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