Investors Purchase Large Volume of Put Options on Invesco Senior Loan ETF (NYSEARCA:BKLN)

Invesco Senior Loan ETF (NYSEARCA:BKLN) was the recipient of unusually large options trading activity on Monday. Traders bought 21,048 put options on the stock. This is an increase of approximately 1,143% compared to the average volume of 1,694 put options.

Hedge Funds Weigh In On Invesco Senior Loan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BKLN. McClarren Financial Advisors Inc. boosted its position in Invesco Senior Loan ETF by 5,971.4% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,275 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 1,254 shares during the period. Continuum Advisory LLC lifted its stake in shares of Invesco Senior Loan ETF by 1,068.9% during the 3rd quarter. Continuum Advisory LLC now owns 2,139 shares of the exchange traded fund’s stock valued at $45,000 after buying an additional 1,956 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Invesco Senior Loan ETF in the 4th quarter worth approximately $52,000. Park Square Financial Group LLC purchased a new position in Invesco Senior Loan ETF in the 4th quarter valued at approximately $62,000. Finally, Synergy Investment Management LLC bought a new stake in Invesco Senior Loan ETF during the 4th quarter valued at $69,000.

Invesco Senior Loan ETF Stock Performance

Shares of BKLN traded up $0.01 on Monday, reaching $20.72. 7,272,147 shares of the company’s stock traded hands, compared to its average volume of 15,026,060. The stock’s 50 day simple moving average is $20.95 and its two-hundred day simple moving average is $21.04. Invesco Senior Loan ETF has a 52-week low of $20.61 and a 52-week high of $21.24.

Invesco Senior Loan ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.1078 per share. The ex-dividend date was Monday, March 24th.

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.