Aug
21
Demand for Junk-Bond ETF Signals Strong Investor Appetite for Risk
By-
Investor dumps almost 900,000 shares of floating-rate bond ETF
- Similar size block of junk-bond ETF traded shortly after
The risk-on mood gripping U.S. markets Tuesday showed up in junk-bond ETF volume.
At least one investor moved 1 million shares worth about $28 million in the SPDR Bloomberg Barclays Short Term High Yield Bond ETF, or SJNK. By 2:20 p.m. in New York, turnover had reached almost $86 million, nearly double the daily average for the past year…
Demand for Junk-Bond ETF Signals Strong Investor Appetite for Risk