Investors Buy High Volume of Put Options on VanEck BDC Income ETF (NYSEARCA:BIZD)

VanEck BDC Income ETF (NYSEARCA:BIZD) was the target of some unusual options trading activity on Thursday. Stock traders acquired 12,871 put options on the company. This is an increase of 771% compared to the average daily volume of 1,478 put options.

Institutional Trading of VanEck BDC Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. purchased a new position in VanEck BDC Income ETF in the second quarter valued at about $25,000. Motiv8 Investments LLC purchased a new stake in VanEck BDC Income ETF during the 4th quarter worth approximately $25,000. Cary Street Partners Investment Advisory LLC purchased a new stake in VanEck BDC Income ETF during the 4th quarter worth approximately $26,000. Ameriflex Group Inc. acquired a new position in shares of VanEck BDC Income ETF in the 3rd quarter valued at approximately $32,000. Finally, Group One Trading LLC raised its position in shares of VanEck BDC Income ETF by 402.5% in the 2nd quarter. Group One Trading LLC now owns 2,010 shares of the company’s stock valued at $33,000 after purchasing an additional 1,610 shares in the last quarter.

VanEck BDC Income ETF Price Performance

VanEck BDC Income ETF stock opened at $12.37 on Friday. VanEck BDC Income ETF has a 12-month low of $11.97 and a 12-month high of $16.95. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 11.32 and a beta of 0.82. The firm’s fifty day moving average price is $13.16 and its 200 day moving average price is $14.01.

VanEck BDC Income ETF Company Profile

The VanEck BDC Income ETF (BIZD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a market cap-weighted index of US BDC companies whose principal business is to invest in, lend capital to, or provide services to privately held companies. BIZD was launched on Feb 12, 2013 and is managed by VanEck.