CWB Stock Summary and Trading Ideas (SPDR Bloomberg Convertible Securities ETF | ARCA:CWB)

The SPDR Bloomberg Convertible Securities ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg US Convertible Liquid Bond Index (the "Index") .ETF Seeks to provide exposure to the market of U.S. convertible securities with an issue amount of at least 350 million and a par amount outstanding of at least 250 million.The Index is designed to represent the market of U.S. convertible securities, such as convertible bonds and convertible preferred stock. Convertible bonds are bonds that can be exchanged, at the option of the holder or issuer, for a specific number of shares of the issuer's equity securities.

SPDR Bloomberg Convertible Securities ETF trades on the ARCA stock market under the symbol CWB.

As of April 19, 2024, CWB stock price declined to $69.60 with 1,311,131 million shares trading.

CWB has a beta of 0.60, meaning it tends to be less sensitive to market movements. CWB has a correlation of 0.63 to the broad based SPY ETF.

CWB has a market cap of $3.47 billion. This is considered a Mid Cap stock.

In the last 3 years, CWB stock traded as high as $89.78 and as low as $62.22.

CWB has underperformed the market in the last year with a return of +6.0%, while the SPY ETF gained +21.2%. In the last 3 month period, CWB fell short of the market, returning -1.2%, while SPY returned +4.3%. However, in the most recent 2 weeks CWB has outperformed the stock market by returning -3.3%, while SPY returned -3.5%.

CWB support price is $69.63 and resistance is $70.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CWB stock will trade within this expected range on the day.