In today’s session SPDR Barclays Capital High Yield Bnd ETF (JNK) recorded an unusually high (650) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious JNK decrease. With 650 contracts traded and 1384 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: JNK161118P00036000 closed last at: $0.35 or 16.7% up. SPDR Barclays Capital High Yield Bnd ETF (NYSEARCA:JNK) has risen 4.99% since March 31, 2016 and is uptrending. It has outperformed by 2.47% the S&P500.
SPDR Barclays High Yield Bond ETF , 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 ETF has a market cap of $11.48 billion. 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. It currently has negative earnings. Excluded from the Index are non-corporate bonds, structured notes with embedded swaps or other special features, private placements, bonds with equity-type features, floating-rate issues, Eurobonds, defaulted bonds, payment in kind (PIK) securities and emerging market bonds.
More news for SPDR Barclays Capital High Yield Bnd ETF (NYSEARCA:JNK) were recently published by: Etfdailynews.com, which released: “Fed Meeting Spurs Huge Outflows in High-Yield Bond ETFs” on September 20, 2016. Benzinga.com‘s article titled: “EM Bond ETFs Are Still Attractive” and published on October 07, 2016 is yet another important article.
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