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

Invesco Senior Loan ETF (NYSEARCA:BKLN) was the target of some unusual options trading activity on Monday. Investors bought 53,608 put options on the stock. This represents an increase of 22,237% compared to the typical volume of 240 put options.

Invesco Senior Loan ETF Trading Up 0.2%

Shares of BKLN stock traded up $0.04 during trading hours on Monday, reaching $20.78. The company’s stock had a trading volume of 9,252,501 shares, compared to its average volume of 15,721,742. Invesco Senior Loan ETF has a fifty-two week low of $20.02 and a fifty-two week high of $21.09. The firm’s 50 day simple moving average is $20.96 and its 200-day simple moving average is $20.93.

Invesco Senior Loan ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a $0.1078 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. This is an increase from Invesco Senior Loan ETF’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, January 20th.

Hedge Funds Weigh In On Invesco Senior Loan ETF

Large investors have recently bought and sold shares of the company. Stance Capital LLC bought a new stake in shares of Invesco Senior Loan ETF during the third quarter worth about $28,000. Elevated Capital Advisors LLC acquired a new position in Invesco Senior Loan ETF in the 4th quarter valued at approximately $30,000. Bogart Wealth LLC acquired a new position in Invesco Senior Loan ETF in the 2nd quarter valued at approximately $33,000. Woodard & Co. Asset Management Group Inc. ADV raised its stake in shares of Invesco Senior Loan ETF by 258.9% during the second quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 1,658 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 1,196 shares during the last quarter. Finally, Ameriflex Group Inc. lifted its holdings in shares of Invesco Senior Loan ETF by 213.6% during the second quarter. Ameriflex Group Inc. now owns 1,712 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 1,166 shares during the period.

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.