CI Canadian Convertible Bond ETF Common (TSE:CXF – Get Free Report)’s stock price shot up 0.2% during trading on Friday. The company traded as high as C$10.63 and last traded at C$10.63. 147,903 shares traded hands during mid-day trading, an increase of 1,328% from the average daily volume of 10,358 shares. The stock had previously closed at C$10.61.
CI Canadian Convertible Bond ETF Common Stock Performance
The company’s 50-day moving average is C$10.67 and its 200 day moving average is C$10.66.
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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