CI Canadian Convertible Bond ETF Common (TSE:CXF) Trading 0.2% Higher – Still a Buy?

CI Canadian Convertible Bond ETF Common (TSE:CXF – Get Free Report)’s share price was up 0.2% during mid-day trading on Friday . The stock traded as high as C$10.70 and last traded at C$10.70. 657 shares changed hands during trading, a decline of 85% from the average daily volume of 4,509 shares. The stock had previously closed at C$10.68.

CI Canadian Convertible Bond ETF Common Stock Up 0.2%

The firm’s fifty day simple moving average is C$10.62 and its two-hundred day simple moving average is C$10.61.

CI Canadian Convertible Bond ETF Common Company Profile

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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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