Invesco Senior Loan ETF Target of Unusually Large Options Trading (NYSEARCA:BKLN)

Invesco Senior Loan ETF (NYSEARCA:BKLN) was the recipient of some unusual options trading activity on Thursday. Traders bought 10,000 put options on the company. This is an increase of 525% compared to the average volume of 1,599 put options.

Invesco Senior Loan ETF Stock Performance

Shares of BKLN stock traded up $0.02 during mid-day trading on Thursday, hitting $21.14. 4,349,027 shares of the stock were exchanged, compared to its average volume of 11,346,751. The stock’s fifty day simple moving average is $21.01 and its two-hundred day simple moving average is $21.08. Invesco Senior Loan ETF has a 12-month low of $20.61 and a 12-month high of $21.25.

Institutional Investors Weigh In On Invesco Senior Loan ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new position in shares of Invesco Senior Loan ETF during the 1st quarter worth approximately $26,000. SouthState Corp boosted its stake in Invesco Senior Loan ETF by 167.3% in the 2nd quarter. SouthState Corp now owns 1,363 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 853 shares during the last quarter. Lynx Investment Advisory purchased a new position in shares of Invesco Senior Loan ETF during the 2nd quarter worth about $29,000. RE Dickinson Investment Advisors LLC purchased a new stake in Invesco Senior Loan ETF in the fourth quarter valued at approximately $36,000. Finally, Bell Investment Advisors Inc increased its position in Invesco Senior Loan ETF by 41.7% during the first quarter. Bell Investment Advisors Inc now owns 1,683 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 495 shares during the last quarter.

About Invesco Senior Loan ETF

The Invesco Senior Loan ETF (BKLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of senior loans issued by banks to corporations. BKLN was launched on Mar 3, 2011 and is managed by Invesco.