S&P Futures
2,495.50-4.00(-0.16%)Dow Futures
22,275.00-24.00(-0.11%)
| Previous Close | 23.10 |
| Open | 23.10 |
| Bid | 23.03 x 400 |
| Ask | 23.24 x 1100 |
| Day's Range | 23.07 - 23.10 |
| 52 Week Range | 22.96 - 23.46 |
| Volume | 2,192,540 |
| Avg. Volume | 3,079,525 |
| Net Assets | 8.86B |
| NAV | 23.13 |
| PE Ratio (TTM) | N/A |
| Yield | 3.64% |
| YTD Return | 1.33% |
| Beta (3y) | 0.10 |
| Expense Ratio (net) | 0.64% |
| Inception Date | 2011-03-03 |
- Benzinga•12 days ago
Renewed Enthusiasm For Bank Loan ETFs
With investors continuing their search for income and yield, bank loan or senior loan exchange-traded funds are seeing some renewed interest. The largest bank loan ETF is the PowerShares Senior Loan Portfolio ...
- Barrons.com•13 days ago
Sell Loan ETF, Buy Junk: Strategist Tchir
Income-oriented investors should sell the PowerShares Senior Loan Portfolio exchange-traded fund (BKLN) and buy high-yield bonds or funds, says Brean Capital macro strategist Peter Tchir. In a follow-up to his previous recommendation to get out of the popular loan ETF or even short it, Tchir Tuesday expanded on why he prefers junk bonds to more conservative bank loans: "The Floating Rate element seems less valuable as the pace of Fed rate hikes slows significantly, if not coming to a complete standstill. "The seniority of being senior secured is less appealing here.
- Barrons.com•last month
Time to Short BKLN?
Peter Tchir, Brean Capital’s macro income strategist, has an idea for investors looking for a ways to hedge credit risk: Short the popuar exchange traded fund PowerShares Senior Loan ETF (BKLN). There are lots of reasons this makes sense. Some are fundamental. BKLN, which owns leveraged loans, also known as bank loans, hasn’t slid in price, while high yield funds have.
