Invesco Senior Loan ETF Sees Unusually High Options Volume (NYSEARCA:BKLN)

Invesco Senior Loan ETF (NYSEARCA:BKLN) was the target of unusually large options trading activity on Tuesday. Traders purchased 12,062 put options on the stock. This is an increase of 5,842% compared to the average daily volume of 203 put options.

Invesco Senior Loan ETF Stock Performance

BKLN traded up $0.01 during midday trading on Tuesday, reaching $20.86. The company’s stock had a trading volume of 20,657,775 shares, compared to its average volume of 13,456,210. Invesco Senior Loan ETF has a twelve month low of $20.61 and a twelve month high of $21.25. The company has a fifty day simple moving average of $21.04 and a 200 day simple moving average of $21.06.

Hedge Funds Weigh In On Invesco Senior Loan ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BKLN. McClarren Financial Advisors Inc. grew its stake in shares of Invesco Senior Loan ETF by 5,971.4% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,275 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 1,254 shares during the period. Avior Wealth Management LLC bought a new stake in Invesco Senior Loan ETF during the 3rd quarter worth approximately $28,000. Continuum Advisory LLC grew its holdings in shares of Invesco Senior Loan ETF by 1,068.9% during the third quarter. Continuum Advisory LLC now owns 2,139 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 1,956 shares during the last quarter. SouthState Corp increased its position in Invesco Senior Loan ETF by 73.9% in the 3rd quarter. SouthState Corp now owns 2,370 shares of the exchange traded fund’s stock valued at $50,000 after acquiring an additional 1,007 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Invesco Senior Loan ETF in the fourth quarter valued at approximately $52,000.

Invesco Senior Loan ETF Company Profile

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.