Investors Buy High Volume of Put Options on SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK)

SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) was the recipient of unusually large options trading on Friday. Traders acquired 44,966 put options on the stock. This represents an increase of approximately 1,630% compared to the typical volume of 2,599 put options.

JNK stock opened at $107.73 on Friday. SPDR Bloomberg Barclays High Yield Bond ETF has a fifty-two week low of $106.48 and a fifty-two week high of $110.14. The business has a 50 day moving average price of $108.26 and a 200 day moving average price of $109.06.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in SPDR Bloomberg Barclays High Yield Bond ETF by 16.7% in the third quarter. Bank of New York Mellon Corp now owns 1,649,731 shares of the exchange traded fund’s stock valued at $180,414,000 after buying an additional 235,937 shares during the last quarter. United Capital Financial Advisers LLC lifted its stake in SPDR Bloomberg Barclays High Yield Bond ETF by 17.2% in the third quarter. United Capital Financial Advisers LLC now owns 1,499,647 shares of the exchange traded fund’s stock valued at $164,001,000 after buying an additional 219,980 shares during the last quarter. BTS Asset Management Inc. lifted its stake in SPDR Bloomberg Barclays High Yield Bond ETF by 5.8% in the third quarter. BTS Asset Management Inc. now owns 1,348,227 shares of the exchange traded fund’s stock valued at $147,490,000 after buying an additional 73,540 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in SPDR Bloomberg Barclays High Yield Bond ETF by 66.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,002,476 shares of the exchange traded fund’s stock valued at $110,232,000 after buying an additional 401,197 shares during the last quarter. Finally, MD Financial Management Inc. lifted its stake in SPDR Bloomberg Barclays High Yield Bond ETF by 6.2% in the third quarter. MD Financial Management Inc. now owns 774,406 shares of the exchange traded fund’s stock valued at $84,689,000 after buying an additional 45,347 shares during the last quarter. Institutional investors own 89.85% of the company’s stock.

SPDR Bloomberg Barclays High Yield Bond ETF Company Profile

SPDR Barclays High Yield Bond ETF (the Fund), formerly SPDR Barclays Capital High Yield Bond ETF, seeks to provide investment results that correspond to the price and yield performance of the Barclays Capital High Yield Very Liquid Index (the Index). The Index includes publicly issued United States dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality, are rated high-yield using the middle rating of Moody’s, S&P, and Fitch, respectively, and have $600 million or more of outstanding face value.

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